Frankston South vs Tyaak

Houses cost about the same in both suburbs: the median house price is $1.2M in Frankston South and $1.2M in Tyaak.

For units, Frankston South sits at a median of $830K against $485K in Tyaak, which makes Tyaak the more affordable unit market and Frankston South the pricier one.

On cash flow, Frankston South leads: houses there return a gross rental yield of 3.04%, compared with 2.33% in Tyaak, a gap of 0.71 percentage points.

Over the past year house prices moved +5.7% in Frankston South (an estimate) and -0.4% in Tyaak, so recent momentum favours Frankston South, while Tyaak went backwards.

Rental vacancy is 1.1% in Tyaak and 1.4% in Frankston South, so landlords in Tyaak 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 85, roughly 221 times the size of Tyaak; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Frankston South for rental income, Frankston South for recent price momentum, Tyaak for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.