A Market with Growing Appeal

The region’s major developments, such as the Horizon and Harbour apartments, along with infrastructure enhancements, are drawing interest from both local and interstate investors. With consistently low vacancy rates and a vibrant coastal community, Frankston and the wider Peninsula remain attractive destinations for property investment.

Flexibility is key for investors and rental providers aiming to capitalise on the current market. Regularly reviewing rental prices based on demand and emerging trends will help keep properties competitive. Additionally, exploring growth areas within the Mornington Peninsula can provide new investment opportunities.

Market activity remains steady, with four to eight groups attending property inspections. Most homes are being leased within two to three weeks, indicating strong tenant demand and quick property turnover.

Sustained Rental Demand & Growth Potential

Vacancy rates across Frankston and the Mornington Peninsula remain low, averaging around 3 percent. This sustained demand creates a solid investment environment for property owners. Mornington rental prices have seen a 13.3 percent increase over the past year, with an average weekly rent of $680. In the past month, there were 826 interested renters for just 42 available houses.

With its stunning coastal lifestyle, expanding infrastructure, and proximity to Melbourne CBD, the region continues to offer both stability and opportunity for investors. Frankston’s well-established amenities, coupled with the Peninsula’s appeal, make this market an excellent choice for those seeking long-term capital growth and rental yield.