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$300 and you've a deal haha

Thanks simtr :) Friswell is being used as a 4 bedroom. The lounge was converted into the main bedroom and the hallway cupboard was reversed. It's 15mins walk from the beach as one can cut through a small nature strip/reserve on foot. This type of property was exactly what I was describing and...

You're welcome MC, thank you.

Thanks for your insight Exotic, some really good input there :)

4 bedroom, brick, property that was on +600sqm and 15 mins walk to beach in Friswell Place passed in at auction in August 2012. Then bought for $387,500. I saw one sell on Kars Street that needed a lot of work - $360,000 on +670sqm in May 2013. Confident that if you went on Realestate.com.au...

Okay guys, appreciate your feedback; and you're right I did pluck listings quickly, without properly qualifying them :) I'm not disagreeing with the fact that it is easier to find bigger cheaper blocks further away from the water. That being said I've bought properties in Frankston that fit...

At a glance... http://www.realestate.com.au/property-house-vic-frankston%20south-115629903 http://www.realestate.com.au/property-house-vic-frankston-115385695 http://www.realestate.com.au/property-house-vic-frankston%20south-114105611...

Simtr I appreciate your challenge and am happy to say it took me less than 1 minute to find an example on market: http://www.realestate.com.au/property-residential%20land-vic-frankston-200615683 600+ sqm, within 10mins from beach, on the beach side of the tracks, between 300k-400k, ripe for...

Going to disagree slightly here with Grand dad (sorry) in that investors should look primarily on the Beach side of the train tracks. It doesn't have to be beach-front as those properties are in a completely different price league but close enough to be 10-15 mins walking distance is good as...

Frankston was a little overheated in the 2010 FHOG boom as the area has been popular with first time buyers due to the low price point. Since 2010 not much has happened, although the growth rate just scrapes in at my minimum cut off of 7% 10 year avg. The suburb as far as property stock is...