Frankton

Queenstown's practical local hub where affordable entry prices, strong yields, and lakeside living make it the district's smartest investment play.

Updated March 10, 20265 min read

About Frankton

Frankton sits at the head of Lake Wakatipu's Frankton Arm, 10 minutes from central Queenstown and adjacent to the airport. It is where locals actually live — the supermarkets, hospital, and big-box retailers of Five Mile and Remarkables Park Town Centre serve daily needs, while Altitude Brewery and Tanoshi Japanese provide dining without the tourist markup. The Frankton Track is a beloved scenic path that follows the lake edge all the way to Queenstown — flat enough for families pushing prams, beautiful enough for a morning run with views of the Remarkables. The Remarkables Saturday Market (December to April) brings artisan food, crafts, and live music to the Red Barn precinct. For investors, Frankton is the standout: modern townhouses start under NZD 900,000 and apartments from NZD 640,000 — well below Queenstown's NZD 2M+ average — with gross yields of 4-5%. The proposed Whoosh gondola connecting Frankton to the Queenstown CBD could transform both commuting and property values. With the airport, hospital, and schools, Frankton has the infrastructure that central Queenstown lacks.

Location

Frankton in Queenstown, Otago Region, New Zealand

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