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For a number of reasons, I need to get rid of several paperbark trees and tall thorny native shrubs. Chainsaws and axes are out - I am too old; contractors are too expensive. We've tried salting the ground and failed. In any case there's a lot of ground to cover. I've managed to get rid of...

That's not true. Residential urban property rose massively in the first half of the last century, and even more spectacularly in the second half. The same was not the case with farmland. Excepting WW1 and WW2, the real price of farmland went nowhere in the first half of the last century.

Just curious a to the differences in costs between the states to put in a pool and some minor landscaping, decking etc

This is a classic positive geared dual occ situation that much-maligned Frankston is famous for. From the look of things, it has side access and provided the access is more than 2.25m you could well build another house up the back without demolishing the original house. If you could buy the...

Thanks for pointing out my error. My apologies. I hope my advanced age gives me forgiveness. One thing is certain: as habitable as the house is, it will probably be bowled over and redeveloped due to the land size. I notice the agent did not market it as a redevelopment site - they probably...

I have lived through several recessions. From memory: 1974 - took a year but prices did rise by 75 1982 - prices climbed higher 1991/92- prices climbed higher in all states, despite nsw being a bit sluggish The next recession is probably already here. As far as property prices go, I am...

http://house.ksou.cn/p.php?q=Frankston&sta=vic&id=518214 This is the kind of textbook example I have referred to in the past. In this case, a rentable brick house on a dual occ block in central Frankston has been sold for a measly $304,500. Capital gain is pretty assured at this price...

At auction, a functional house with granny flat sold for $280,000 last week. http://house.ksou.cn/p.php?q=Frankston&sta=vic&id=516688 This site is definitely not redevelopable as it is too small. I would imagine this sale would be a cash flow positive proposition. Needless to say, this...

Sound advice. Apartments are for hipsters, not serious investors. Still, some people swear by 'em; I know nothing about depreciation and other tax breaks. Too old for that.

Thanks for the pics Lord Shanghai. In relation to some of your comments about Asian students moving into Frankston Senior High School, it will be interesting to see how well or badly this years crop of HSC students will do. Few people remember that Southeast Water's HQ was based in Frankston...

Frankston is definitely the kind of place where you need a car to get around. Unless its central Frankston (where much of the supposed crime takes place). On the topic of crime, I googled "st kilda, crime" and came up with literally dozens of stories of murders, prostitution and drug busts...

The right to compensation is enshrined in our (federal) constitutuon. I worked as a licenced valuer for many years. In my experience, the laws regarding the compulsory acquisition of land are, for the most part, very fair. Unfortunately, vendors only get their full rights if they go to court...

Actually, its possible to get dual occ sites in Frankston North for around $250,000 if you look hard enough. In Frankston itself, you can do the same for $300,000-$350,000. As for crime - the crime rate in Frankston is below that of innercity Melb. Yes, there are a few bogans around, but they...

Who says you cannot buy cheapies in Frankston?! This is the textbook scenario I have been talking about: A cheap rentable house on a subdivisible block. Sold for $320,000. Should yield 5%. Given the low price, it is hard not to make decent capital gain over the long run...

I have kept away from this thread recently lest people think I'm a spruiker. Here are my two bits: My thoughts are that anything under $350,000 in Frankston will see decent capital gain in the long run. The smart money in Frankston is not buying units or overpriced beachside stuff, its...

I will go with Grandpappy on the idea of "buy the lowest quartile of Frankston property." It makes a lot of sense as you are paying block value more than anything else. (With thanks to TMNT for spotting it) This one on Ebbdale Road sounds great...

I congratulate you on your acquisition and wish you well. Can you confirm the price you paid? According to the occasionally inaccurate ksou/RP ddata, it sold for $490,000...

According to the Valuer General's Office: - barely 2% of Melbourne houses are on sub-divisible blocks - in Frankston/Seaford over 40% of houses sit on dual occ or larger sites. Anyone with a telephone can ring to confirm. I am NOT saying Frankston is going to triple in the next two years...

Although I am a huge believer in Frankston and I openly declare my own interest in the area, I don't think the recent influx of Asian Australian immigrants will have a big effect on the suburb.

Given the newness of the unit, I think the OP's motivations may lie in getting depreciation benefits. If so, that's fine. It need not be Frankston - you could get the same benefits anyplace else, provided the house is not ancient. The CG prospects of a unit are limited. For the same...