Frankston North vs Hillside
Property investment comparison - Frankston North, VIC 3200 vs Hillside, VIC 3875
Head-to-head across core investment metrics: Frankston North wins 3, Hillside wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Frankston North | Hillside |
|---|---|---|
| Median house price | $715K | $715K |
| Median unit price | $605K | $575K |
| Gross rental yield (houses) | 3.78% | 2.48% |
| Gross rental yield (units) | 4.10% | 3.44% |
| 1-year house growth | +13.3% | - |
| 3-year house growth | +24.6% | - |
| Vacancy rate | 0.9% | 6.9% |
| Population | 5,711 | 290 |
Frankston North vs Hillside: what the numbers say
Houses cost about the same in both suburbs: the median house price is $715K in Frankston North and $715K in Hillside.
For units, Frankston North sits at a median of $605K against $575K in Hillside, which makes Hillside the more affordable unit market and Frankston North the pricier one.
On cash flow, Frankston North leads: houses there return a gross rental yield of 3.78%, compared with 2.48% in Hillside, a gap of 1.30 percentage points.
Rental vacancy is 0.9% in Frankston North and 6.9% in Hillside, so landlords in Frankston North face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Frankston North is the bigger suburb, with a population of 5,711 against 290, roughly 20 times the size of Hillside; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Frankston North for rental income, Frankston North for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Frankston North, VIC 3200
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