Search results

Plenty of Asian students at Frankston SH School. Many come from out of the area, I am told, and are responsible for the increasingly higher standards that can be seen in recent years.

Its a huge site, that's why. Bought by a developer, I am told. Although it is public information, the self-important auctioneer refused to reveal the exact figure but said "it was just under $650,000."

5% yields are pretty average. Nothing to shout about. Expect the occasional bad tenant. Sure, there's money to be made in Frankston. But it's in the cheap end of the market, not in buying overpriced renovated junk or units with minimal land component. Personally, I would not be paying much...

The spruikers will have you believe that the high end of Frankston is good value. Although breaking even is easy enough, it will be hard to make serious money if you go down that path. As GD et al would say, the best value lies in the low end of Frankston. There are still plenty of old houses...

Frankston North has lagged Frankston. It's not for everybody. Perhaps for bottom fishers who see the 10 year outlook. Perhaps you should first disclose the fact that you own property there. FWIW, even granddad et al had the decency to disclose their personal interests when commenting on...

A video link to the record setting 2 Foote St Auction. A few Asian bidders to be seen suggests an increasing international interest in the area. Several of the bidders were buyers agents. https://www.youtube.com/watch?v=_9jJcFq3GfY It's beyond me why people would pay so much for an old house.

This would have sold for $100,000 less 2 years ago. It seems fully priced, no?

Hush now, let's not provoke Simtr - he appears to be accumulating property in Frankston on the quiet and detests anybody who contributes to the current buying frenzy in Frankston.

A great site. The price is a sign of the times. The market seems to be moving.