ONE-CLICK CASHFLOW Analysis TOOLKIT

Frankston North, VIC - Cashflow & Holding Cost Report

Explore an investment property rental cashflow, ownership costs, tax deductions and depreciation for Frankston North, Victoria. Use Propmax.com.au’s to forecast repayments, yields, and after-tax cash position over 30 years.
Check Frankston North Holding Costs
Suburb
Frankston North, Victoria
Median Price
$615,000
Median Weekly Rent
$495
Capital Growth
5.1%
Rental Yield
4.4%
Investment Grade
B+
Frankston North offers strong rental yields due to high demand and low vacancy rates, driven by its affordability and proximity to amenities like Seaford Beach and Kananook Creek. The suburb is undergoing steady gentrification, with public housing being sold to private owners, boosting its appeal. However, its historical reputation may slightly temper short-term growth compared to neighboring suburbs.
Affordability
High
One of Melbourne’s most affordable suburbs, Frankston North appeals to first-home buyers and investors with its lower median price compared to nearby Frankston and Frankston South. Large block sizes (average 600 sqm) and ongoing redevelopment potential enhance its value, though rising demand may reduce affordability over time.
Estimated Holding Cost Before Tax (weekly):
$432/week
Estimated Holding Cost After Tax (weekly):
$231/week
Estimated Holding Cost (annual):
$7,000 – $12,000

Frankston North Investment Summary

Frankston North, located 43 km south-east of Melbourne’s CBD, is one of the last affordable suburbs in the south-east with median house prices below the $700,000 mark at $615,000. This suburb, just north of Frankston, offers typical rents around $495 per week, delivering a strong gross yield of ~4.42%. With a 10-year average capital growth of ~5.13% p.a., Frankston North is gaining traction due to its affordability, large block sizes (average 600 sqm), and ongoing gentrification, making it a hotspot for first-home buyers and investors.

  • Pros:

    • One of the most affordable suburbs in Melbourne’s south-east, ideal for first-home buyers.
    • Strong rental demand with low vacancy rates, driven by proximity to Frankston’s amenities.
    • Large blocks and redevelopment potential enhance long-term value.
    • Close to Seaford Beach, Kananook Creek, and improving infrastructure like schools and retail.

  • Cons:

    • Historical reputation as a public housing area may linger, though gentrification is shifting perceptions (Starbucks, Planet Fitness open in 2025).
    • Slightly longer commute to Melbourne CBD (via Frankston line or M3) compared to inner suburbs.
    • Limited premium amenities compared to neighboring Frankston or Frankston South.

Frankston North stands out as a prime opportunity for first-home buyers seeking an affordable entry into the south-east market, with its proximity to bayside lifestyle and ongoing urban renewal boosting its investment potential. However, rising demand may push prices closer to the $700,000 mark in the near future.

Frankston North Cashflow & Holding Cost Report

This comprehensive Frankston North Cashflow & Holding Cost Report models the long-term financial performance of a quality house in Melbourne’s south-east, featuring 30-year cashflow projections, equity growth, tax impact, and full depreciation breakdowns — all powered by Propmax.com.au.

128 Monterey Boulevard, Frankston North VIC 3200 is a well-positioned 3-bedroom, 1-bathroom, 2-car house with a spacious 586 sqm layout, purchased at $710,000.

  • Weekly Rent: ~$550 (yield ~4.42%) in a tight market with 1% vacancy
  • Capital Growth: ~5.1% p.a. | Rent Growth: ~2% p.a
  • Annual Holding Costs: ~$13,105 after tax, or ~$252/week after tax (in year of Purchase)
  • Depreciation Benefits: ~$2,667 per year (general fittings only)
  • Land Tax Exposure: Moderate, due to house configuration

For investors earning around $150,000, this property offers modest depreciation-driven tax savings, with negative gearing reducing after-tax holding costs to ~$13,105/year or ~$252/week in year of Purchase. Frankston North is one of the last affordable suburbs in Melbourne’s south-east, with large block sizes and ongoing gentrification boosting its appeal for first-home buyers and investors, supported by proximity to Seaford Beach and improving amenities.

This Frankston North Cashflow & Holding Cost Report is based on actual property data and built using Propmax.com.au’s Investment Property Cashflow Calculator.

Why use Propmax

Want to Know Your True Holding Cost Post Budget?

Start Now in 20 Seconds for Free

Model Property Cashflow, Holding Cost & ROI

Analyse Australian investment properties with 30-year projections across cashflow, holding costs, equity growth and after-tax returns.

  • Interactive 30-year investment property cashflow forecasts
  • Weekly, monthly and annual holding cost breakdowns
  • Track equity growth, rental income and loan balances over time
  • See real ROI after expenses, tax and financing costs
Model Property Cashflow, Holding Cost & ROI screenshot

Compare Ownership Structures & Tax Outcomes

See how personal, joint, trust and company ownership structures affect cashflow, deductions and long-term returns under current tax rules.

  • Compare personal, trust and company ownership scenarios
  • Model different income splits across owners
  • Visualise impact on deductions and after-tax cashflow
  • Find the structure with the strongest long-term ROI
Compare Ownership Structures & Tax Outcomes screenshot

Stress-Test Rates, Capital Growth & Tax Changes

Explore how changing interest rates, capital growth assumptions and tax settings affect your investment strategy.

  • Model interest rate rises and loan changes
  • Forecast different capital growth scenarios
  • Simulate CGT and policy changes on long-term returns
  • Test resilience before committing to a purchase
Stress-Test Rates, Capital Growth & Tax Changes screenshot

Estimate Depreciation, Deductions & Tax Benefits

Calculate depreciation, negative gearing and ownership-specific tax impacts using Australian property rules.

  • ATO-aligned building and fixture depreciation estimates
  • Estimate negative gearing and tax deductions
  • See impact on taxable income and net cashflow
  • Factor in property age, construction cost and low-value pools
Estimate Depreciation, Deductions & Tax Benefits screenshot

Latest blog posts

Deep Dives for Property Investors

Practical calculators, strategy breakdowns, and tax explainers from the PropMax team.

Latest suburb snapshots

Recent Suburb Cashflow & Holding Cost Reports

Explore Free Sample Cashflow & Holding Cost Reports

NSW
Leppington

New South Wales

Investment Property Cashflow and Holding Cost Report - Leppington, New South Wales

View report
NSW
Parramatta

New South Wales

Investment Property Cashflow and Holding Cost Report - Parramatta, New South Wales

View report
VIC
Cranbourne West

Victoria

Investment Property Cashflow and Holding Cost Report - Cranbourne West, Victoria

View report
VIC
Frankston

Victoria

Investment Property Cashflow and Holding Cost Report - Frankston, Victoria

View report
VIC
Frankston North

Victoria

Investment Property Cashflow and Holding Cost Report - Frankston North, Victoria

View report
VIC
Geelong

Victoria

Investment Property Cashflow and Holding Cost Report - Geelong, Victoria

View report
VIC
Heidelberg West

Victoria

Investment Property Cashflow and Holding Cost Report - Heidelberg West, Victoria

View report
VIC
Melton

Victoria

Investment Property Cashflow and Holding Cost Report - Melton, Victoria

View report
VIC
Mordialloc

Victoria

Investment Property Cashflow and Holding Cost Report - Mordialloc, Victoria

View report

Still curious?

Frequently Asked Questions

Answers to the most common investor questions about PropMax.

Yes. PropMax includes a free investment property cashflow calculator for Australian investors. Analyse rental income, holding costs, tax outcomes, equity growth and long-term returns with 30-year property projections.
PropMax lets you model 30-year investment property scenarios including rental cashflow, holding costs, loan repayments (IO and P&I), depreciation, equity growth, ROI, CAGR and capital gains outcomes. You can also stress-test rates, growth assumptions and tax changes.
Yes. PropMax lets you compare Personal, Trust, Company and SMSF ownership structures side-by-side. See how ownership affects cashflow, deductions, carried forward losses, tax outcomes and long-term investment performance.
Yes. PropMax can model post-budget tax scenarios including ownership structure impacts, carried forward losses and projected capital gains outcomes. Stress-test how changing tax rules may affect long-term cashflow and exit strategies.
Yes. PropMax includes a visual comparison tool where you can analyse up to three investment properties side-by-side. Compare cashflow, ROI, holding costs, capital growth and after-tax performance across multiple opportunities.
Yes. Export complete property analysis reports as Excel spreadsheets (CSV/XLSX) or polished PDF summaries. Reports include cashflow projections, equity growth, ownership structure comparisons, ROI and tax analysis.
Yes. PropMax estimates building and fixture depreciation, tax deductions, negative gearing effects and ownership-specific tax outcomes. See how deductions and depreciation influence taxable income and after-tax cashflow over time.
Track key portfolio metrics including LVR, DSR, NSR, equity growth, holding costs, cashflow, ROI, CAGR and long-term wealth creation indicators. PropMax helps identify serviceability, leverage and cashflow risks early.
PropMax is built for Australian property investors, buyer’s agents, mortgage brokers, accountants and financial advisers. Whether you're analysing your first investment property or managing a larger portfolio, PropMax helps compare scenarios and make better investment decisions.