Being one of the southernmost suburbs of the metropolitan area of Melbourne, Frankston is also one of its most affordable. As of the March quarter of 2015, the median house price in the suburb is A$390,000. Comparatively the median house price of the metropolitan area of Melbourne overall is A$638,445, and the median house price of Australia generally is A$576,100. 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. The City of Frankston local government area is divided into three wards, with each of the wards represented by three councillors, which are: North-West Ward, North-East Ward and South Ward. Frankston is located in the North West Ward  In the state of Victoria, the South Eastern Metropolitan Region is the state government region for the Victorian Legislative Council that Frankston is located in. The region is represented by five members; two from the Australian Labor Party, two from the Liberal Party of Australia, and one from the Australian Greens. The District of Frankston is the state government district for the Victorian Legislative Assembly that Frankston is located in. The seat is currently held by the Australian Labor Party and the sitting member of parliament is fire fighter and former teacher Paul Edbrooke since 2014. Nationally, the state of Victoria is represented by 12 senators at a federal government level for the Australian Senate. All 12 senators were elected in the 2016 double dissolution election; four from the Australian Labor Party, four from the Liberal Party of Australia, two from the Australian Greens, one from the National Party of Australia (in coalition with the Liberal Party of Australia), and independent senator Derryn Hinch. The Division of Dunkley is the federal government division for the Australian House of Representatives that Frankston is located in. The seat is currently held by the Liberal Party of Australia and the sitting member of parliament is former international businessman and United Nations lawyer Chris Crewther since 2016.