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I am in the consolidation phase and cant offer any gut feel opinion. My take is based on the following: 1) Close to unanimous commentary suggests that the property values will keep rising in the short to mid term owing to all the factors that have been discussed here numerous times...

Houses - those with a unit on the back.

There ARE properties in Frankston currently for sale with around 5.5% yield. Just got to do a bit of work to find them. Harris

Rents lag behind property values during growth spurts driving the yields down. All that has happened is a significant increase in the property values in Frankston and surrounds over the last 6 months so those properties that were yielding 5% earlier this year on $250k price points and with...

New median value records for Frankston at $320,000 and Frankston North at $245,000 Harris

No, this is not the sign for anything.. you cant read anything when 24 properties were sold privately successfully and only 2 auction properties failed to sell. Frankston has never been an auction-suburb and has on average 25 Private Sales to 1 Auction. Inner & Middle suburbs are auction...

ditto.. No point bagging the agents. Just use them to get the best deal and move on to the next one... Harris

I have 2 blocks of 750 & 800 sqm next to each other in Pines that I bought in 2006 for $145k each. Both with 3 bed houses and tenants which have been there for 5 + years. Each one will go for $250k now within a matter of days, so that is an appreciation of over 70% in 3 years (my best...

Values are up around 10% in Frankston since March - a bit more for Frankston North. Havent looked lately at Frankston South however considering that the most activity has been in the sub $300-$350k sector associated with FHOG, no surprise that the demand has lifted the values at the lower...