Frankston South vs Grenville
Property investment comparison - Frankston South, VIC 3199 vs Grenville, VIC 3352
Head-to-head across core investment metrics: Frankston South wins 2, Grenville wins 0. 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 South | Grenville |
|---|---|---|
| Median house price | $1.2M | $1.2M |
| Median unit price | $830K | - |
| Gross rental yield (houses) | 3.04% | 2.18% |
| Gross rental yield (units) | 3.95% | - |
| 1-year house growth | +5.7%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.4% | 1.7% |
| Population | 18,801 | 113 |
Frankston South vs Grenville: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.2M in Frankston South and $1.2M in Grenville.
On cash flow, Frankston South leads: houses there return a gross rental yield of 3.04%, compared with 2.18% in Grenville, a gap of 0.86 percentage points.
Rental vacancy is 1.4% in Frankston South and 1.7% in Grenville, so landlords in Frankston South face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Frankston South is the bigger suburb, with a population of 18,801 against 113, roughly 166 times the size of Grenville; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Frankston South for rental income, Frankston South 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 South, VIC 3199
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