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newhigh: Given that slack local agents are the cause of previous low prices in Frankston, does this mean that all the agents there have suddenly turned good and can take credit for relatively strong prices?

Another factor is that the house might be run-down and only just habitable; lowering its rentablility and rent received. Plus you'd be reluctant to spend much on it if it's going to be pulled down in a couple of years. A buyer wanting a house to live in wouldn't really care if the block was...

Also * Wikipedia: http://en.wikipedia.org/wiki/Frankston,_Victoria * A look at houses from a motorbike: http://www.youtube.com/watch?v=qwC-wRcNHO4&feature=related [M-rated] Note that typing Frankton into Youtube might put you off the area so don't ;)

A shame though - Spotlight's current location is really handy. Best of all is that it's just across from Savers. Really easy to grab a $4 chair from Savers then some curtain rods from Spotlight, carry it thru central Franga and jump into first carriage along with the sheila with the dog and...

Other recent changes in Frankston CBD: * Dimmeys vacated their large premises and have reopened in much smaller premises. Nowhere near as good as their large stores in Richmond & Footscray. * Next month Spotlight is closing down in the Frankston CBD and is moving out to...

CRIME FIGURES don't mean much, but FWLIW, here's an article that mentions that crime is down in Frankston and some other municipalities. http://www.news.com.au:80/heraldsun/story/0,21985,24203318-2862,00.html Peter

Looks like agent spin to me. A quote from an agent in the local paper seems more accurate - lower priced properties are still moving, but dearer places are sitting on the market for longer. Asking prices are dropping - often by many tens of thousands. It's now common for agents to put...

Tenants make their selection based on practicality, amenities and affordable rent, not whether a suburb is a bit old/run-down. Things like schools, shopping, transport and recreation are key. Footscray CBD and environs is a run-down, grimy and stinky hole but this does not stop people...

There's little transport out there and it's further from the beach. For a renter either central Frankston or Karingal would be better.

http://www.transport.vic.gov.au/DOI/Internet/transport.nsf/AllDocs/E6C139D04B890B9ECA2571F800182ECB?OpenDocument is the government's solution and was introduced earlier this year.

If you want to run an area down, talk to an opposition MP. If you want to boost it up, talk to a government MP.

(I'd have thought our ever-vigilant Frankophiles would have picked up on this, but apparently not...) The Frankston area received its biggest boost to bus services in years yesterday, with Frankston North/Carrum Downs, Mt Eliza/Mornington and the Frankston - Dandenong - Ringwood corridor...

A recent article in one of today's papers had Frankston North followed by Doveton as having the lowest average incomes in Melbourne (2006 stats). On the negative side this likely means that these two suburbs have either stayed static or degentrified (by remaining at the bottom of the heap)...

Petrol costs would be dearer, but fares for Frankston to the city (zone 1+2) are no dearer than travel from suburbs such as East Bentleigh, Moorabbin, Clayton, Box Hill, Glen Waverley, Doncaster, Sandringham or Greensborough.

There are very few suburbs that have (i) railway, (ii) bay, (iii) proximity to private schools, large shopping centre within a few kilometres. Three, yes, but not four. Even 'top shelf' suburbs miss out. Eg Brighton (no large shopping centre), Camberwell (far from the bay), Templestowe...

Normally when there's a skip bin in the street, there's no one around. And if you are attracted to it, you'd make sure there's no one looking. But in central Franga, dumpster diving is de rigueur. Sometimes it's even hard to get a spot around the bin. Down there the locals see...

1. About 70% of IP investors (like the population generally) live in the big capitals and prefer buying something (i) in an area they know, and/or (ii) within commuting distance if anything needs doing 2. 95% of property journos, promotors, buyers agents, investment advisers, real estate...

Interesting report Harris. That was the place I saw in the web last night and I was thinking that the $130pw rent was extremely low. As a cautionary note, i'd add that appreciation by itself does not constitute gentrification. But there may be other forces at work, eg the good value of...

Now that sufficient time has elapsed, I can say that the house with the converted garage & mattresses was in Noble Park while the other was in Studley Ct Laverton. Peter

The suburbs involved are outer parts of Melbourne, south-east or west of the city. The first house was well presented in an OK street. You wouldn't know about the squalid living conditions until you opened the front door of the bungalow. The second was in perhaps the worst street of...