House prices in Melbourne suburbs have reportedly increased by 25 percent.
In Frankston North, prices have surged by nearly 40 percent over the past five years, according to Domain.
The average house price in Frankston North has risen from $595,000 to approximately $1.1 million.
The coastal suburb’s real estate market has seen unexpected growth and rising demand.
An agent from O’Brien Real Estate noted that investors from Sydney are showing strong interest in Frankston North properties.
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