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I think the reason they like Frankston North is because it's close to the water and Frankston itself is pretty big so has a lot to offer. However, not everyone likes the beach. I grew up in Lilydale (not too far from Ringwood) which is near the Yarra Valley, and I myself am a beach person so I...

If you're thinking PPOR and if you don't need to be near the train station I'd go for Ringwood North / Warranwood. FAR nicer area in my opinion.