Recent content by The Donners

I'm set on a walnut-coloured wood hanging bathroom vanity (fittings not essential but if they suit our taste, boo-yah!). I'm renovating our PPOR master ensuite, DIY apart from tiling (and electricals) so I'm trying to keep the costs low but I'm not willing to cut class for coin. In other...

I've been following the Frankston North market for 2 years. As I type, 15 of the 60 listings for Frankston North are new builds (6) or parcels of land (9), that, I have never seen. The new builds range from $304k - $400k, the parcels of land $115k - $195k and established homes $220k - $420k...

My block is 680sqm, I bought it for $280k (Feb '10), it's solid brick and has the potential to keep the existing property at the front and to build a property at the back - at the right time.

In your examples, which sale had properties that could be retained? Which had fibro? Also, what you're saying is smaller sized properties are less than larger size properties 4 months earlier? Also, what can one do with 539sqm? Chances of subdivision are extremely extremely unlikely. I don't...

No, not worried in the slightest. For me it's a long-term investment before I look at subdividing - I'm not putting a timeframe on it more to the point. Being approx. $200k below the median doesn't bother me either, I believe as others do that those entering the market will see it as a viable...

Fair whack. Personally, I got into Frankston North because it was cheap, well below the median for Melbourne, beachside, in the Easter Suburbs, brick and the property was subdividable. I looked at Werribee around the same time but I couldn't see myself purchasing in the West. I'm thankful now...

25% approx. for my property in Frankston North for the past 12 or so months. I mean no disrespect but if you and Property Meister are sick of reading about Frankston it's pretty simple, don't enter the thread.

Make a lot of sense - if you have a high income. The average person would be limited by borrowing power etc.

You could've bought a subdividable block in Werribee for $250k 2 years ago as well, make of that what you will - I contemplated it. Just a personal preference, I prefer South Eastern suburbs. Has worked out well for me.

A subdividable block near the bay for $303k not cheap? By the way, when is the last time you went there? I hear certain demographics are struggling to make rent, I wonder what happens when rent prices continue to rise. Bye bye riff raff...

Thanks Rixter, sometimes it's the simple things. :)

Well, after we told ourselves we'd wait at least 2 years before re-entering the market (to work up finances again) we've decided to look for a second investment. We currently have a rental property in Frankston North (bought in Feb '10) and a PPOR in Upwey (bought in Oct '10). The property...

We moved from Rowville to Upwey purely for lifestyle. We wake up to kookaburras in the morning and we go outside and the air is fresh. It's far enough out of town not to be caught up in the million miles an hour lifestyle but closer enough that we have all the necessary amenities.

Will ease traffic congestion. You driven down to where Eastlink meets the old highway? It's a bottle neck much like how the Monash meets up at Gippsland.

http://www.peninsulalink.com.au/Overview/Default.aspx http://www.peninsulalink.com.au/Overview/Default.aspx