Some real estate in Frankston, however, routinely sells for well above the median house price for the suburb. For example, properties in the catchment area of Frankston High School, which is one of the most reputable state government schools in Victoria, sell on average for 16.9% more than the median house price. The locality of Olivers Hill, with its panoramic views across Port Philip, is home to the most expensive real estate in Frankston. Property in the area has sold for between A$3 and A$4 million in 2015, at the same time as the median house price in the suburb of Frankston being A$390,000. Olivers Hill is considered to have one of the top ten residential views in Melbourne.