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Yep, it has cooled a lot. But that means there have been some good buys, especially in the better areas. Less investor activity. Great time for those buying PPORs or looking to upgrade in the area, as large blocks in Olivers Hill area have sold for sub $500k. I haven't seen those prices since...

^Yep, it is rentable but needs a tidy up.

On a bit of a segue, if anyone happens to be looking for a top Frankston Sth location this is a bit of a bargain: Fleetwood Cres House needs work (looks better in the pics!) but potential 3 unit site (916sq m) in an excellent location.

^The reason it is under the median is because it's worth less than a median priced property. By definition 50% of all properties will sell below the median.

^ Gee meconium, that's a shame. In March -April last year the softening prices were not just limited to Frankston. If you read my post you'll see that I identified a great potential buy. Wish I could have bought it (it was in Violet St)! Similarly, the post with which I originally agreed was...

Hey W2BW, I like Frankston East better than Karingal & some other areas of franga. To be honest, McMahons Rd is a little busy for me but people live beside the highway, too - so it's a matter of degree. A 4/2 is always a great house to get anywhere in Frankston so well done on that score and...

Hey Soulfly, Foot St & Kars St are really Frankston Sth. Towerhill Road is too, though I wouldn't suggest that you buy in that street, nor Foot St. Central Frankston is around the CAD (frankston CBD). If you can't find what you want in the south, My second choice is Frankston Heights, which is...

My positive views on Frankston South are well known but i now find myself in the somewhat unfortunate position of having to offload one of my properties here that I hoped I would (one day) get around to developing. For the people actually looking in Frankston Sth, please see my post in Caveat...

Lilli, I personally would not do it. I've been told by agents that renters want houses - which makes sense. Units are great in the inner city suburbs where people want to be close to cafes & amenities etc. That kind of inner urban living does not suit Frankston IMO. I'm sure the rent on a normal...

DrK, DO NOT listen to the agents. You have PLENTY of time to find the right property, FHOG or no FHOG. Just relax. Even if the grant is extended, most of the frenzied buyers will have bought prior to June 30 anyway so that will take some of the heat out. At the same time, there are always deals...

IMO you would be pretty lucky to get this. I would say this would be top end rent for around here. I have a superior property on Olivers Hill that rents for less than this. What he said.:)

I hoped this one would be on 700-750 sq m but that's about the block size there. Buzz, how did you find the measurements? I put in an offer (didn't get it) on a smaller timber house the other end of Violet St late 2003(?). Same size block as this. it sold for $416k, from memory(!) It seems to...

I agree there's been some price softening. For anyone after long-term CG or thinking of moving to Frankston Sth, this place (if still available) is a great buy. This is one of the most sought after streets in all Frankston Sth. Price is around what it would have been in 2004-2005. I'm not in the...

That was an excellent buy, Toni!

^I wouldn't say that there's a heap of stock - esp. in Frankston South. However, I have noticed the odd "bargain" coming up here. I would think that there are more coming, though. Prices are a bit all over the place and some vendors are expecting 2007-2008 prices. These houses are sitting.

I mentioned a month or so back that I was thinking of selling my property and they have really tried to get the listing, even after I said I had decided to hold. Yes, the FHB frenzy is alive in Franga. I've heard from a few different agents that good properties are selling very well. One 4...