Mortgage broker Frankston

Buying your first home in Frankston

Frankston is one of the more genuinely affordable entry points into the Melbourne market, and most purchases here qualify for meaningful first home buyer support. The bigger lending question is usually about the type of purchase — established home versus house-and-land — not whether you can afford to buy at all.

We map every grant, concession and deposit scheme you're eligible for and match you to a lender that's comfortable lending in a fast-growing corridor postcode.

Growth-corridor lending considerations

• Fast recent price growth means some bank valuations lag the current market, particularly on foreshore-adjacent streets.
• New estate housing further inland needs construction lending drawn down against progress milestones, not a single settlement.
• First home buyers frequently qualify for the full Victorian FHB concession and the federal deposit schemes here.
• Older weatherboard stock near the water sometimes needs pest and structural reports before a lender will proceed.

What buying new actually costs

House-and-land purchases involve two contracts and a staged construction loan, which draws down at each build milestone rather than in one lump sum at settlement. Understanding that timeline — and what you'll need to fund in the gap — matters as much as the headline price.

Victorian land transfer duty concessions and the federal deposit schemes can combine to significantly reduce your cash-to-complete figure in Frankston; our calculator shows the real number for your situation.

Free, independent and lender-paid

We're paid by the lender that funds your loan, not by you, and we disclose that in writing. That means our incentive is to find the lender that will actually approve and price your loan well — not the one that's easiest to deal with.

The Frankston property market

Frankston combines a bayside waterfront lifestyle with genuine affordability, which has pulled significant first home buyer and young-family demand from further out in Melbourne's south-east over the past two years. Housing stock ranges from older weatherboard cottages near the foreshore to newer estate housing inland, and the Peninsula train line keeps commuting viable despite the distance from the CBD. Price growth has outpaced most of bayside Melbourne as buyers priced out of Frankston South and Mount Eliza spill into the town centre.