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I guess you're right for the time being; to buy a median house is close to $1.5m. I would need to sell a couple of IPs to cash in some equity (Affording it on paper is not the same thing). If I did decide to spend $1.5 on a PPOR I would prefer to buy on Olivers Hill rather than Brighton. I know...

Relax, dude. My story is pretty much the same as yours (without the view, unfortunately) but I saw the light before you & moved from the inner east over 7 years ago now. Was supposed to be temporary but we loved it so much we'll never go back. You get accustomed to the Frankston bashing from...

ROFLMAO:p (unnecessary characters)

OK, Denbigh Street is definitely one that would be showing good growth as it's one of the better streets. It would definitely be more than what you paid, but I think $570 still sounds high....Unless you have a gigantic piece of land (4 unit site). I would be holding onto it if it were me.

I don't like to say that anything is "impossible" but I find it hard to believe. Are you willing to share the street name? Some properties have certainly increased since mid 2007 but I'd be hard-pressed to think of any that have risen anything near 50%.

PM, you are right in your assessment of poor yields and it's annoying. On that $350k one you posted the rent of $240 is probably about market. Even if you could bump it up to $260 per week it's not great. I suggest that there's no shortage of rentals in Frankston under $300 p/w and unless that...