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  1. BayView

    Purchasing in VIC - Frankston Area #2

    Having to sell couple of properties now to get the house build over the line after the CBA stuffed things - don't get me started on this fantastic Bank. We bought our 2x1 unit in Central Frangers in 2003 for $155k. Selling currently with asking price of $270k (agent says so, and should get...
  2. BayView

    Purchasing in VIC - Frankston Area #2

    That's a nice selection criteria. Good info for those out there who can't nail down how to select a property, or area. Ever thought of (and is there any desire/capability) to start looking more beach side? My belief (and living in Dromana has cemented this) is that beach side almost anywhere...
  3. BayView

    Purchasing in VIC - Frankston Area #2

    That's a good result for the time period. Are you going again? We have a 2x1 unit just north of the main hub. I was looking on re.com yesterday after seeing your post, and I could not see anything remotely like ours in our area for under $230k. Gotta love it. We paid $155k for it a few years...
  4. BayView

    Purchasing in VIC - Frankston Area #2

    What was the nett result after all reno costs, selling and buying costs and cap gains tax? Quick thumbnail calc: Cost $240k. Purchases costs $12k (5%) Reno $45k Sold for $377k - agent's commish approx 2%? and conveyancing = $8000 Total costs = $65000 Total cap gain = $137k minus...
  5. BayView

    Purchasing in VIC - Frankston Area #2

    Yeah, agree, and it's the most ridiculous thing I've ever heard - price fixing by agents. :rolleyes: I've been one. Hated it. Agents are there to broker a deal. That means; conditioning the sellers DOWN, pushing the buyers UP. Hopefully, there is a meeting in the middle. As well as...
  6. BayView

    Purchasing in VIC - Frankston Area #2

    We have an IP in Frangers - since 2003. Bought it from Abel, and they've managed it ever since. I'd recommend them for management.
  7. BayView

    Purchasing in VIC - Frankston Area #2

    I can't see where you get that there is price fixing in Frangers YF. At any one time, there is only one agent selling one property, so there is not a host of agents selling the same property and at the same price. Sometimes there was an "open listing", where the Vendor could have more than one...
  8. BayView

    Purchasing in VIC - Frankston Area #2

    One of the local Franger agents used to regularly advertise a 1 bedder unit for $95k a few years ago when we bought our 2 bedder in Frangers. I used to see the ad every week in the local papers. Now, I have a retail background, and am wel away of all the marketing tricks to get customers...
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