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You can do it for $250k odd in Werribee. 5km closer to the CBD, 20 min quicker to the city via train, good range of shopping centres and schools. Similar distance to coastal recreational areas (Torquay/Great Ocean Rd & Sorrento/Mornington Peninsula). There's talk of a marina near both...

I had a good walk around Franga the other weekend and retail away from the shopping centre is not doing well. And this is despite 10-15 years of almost unbroken economic growth. Estate agents seem to be the dominant retail use on the highway. Having said that the council is doing a good...

This is quite true - Frankston CBD has gone downhill even in the last 2 years. Spotlight and Dimmeys have left or greatly downsized. Frankston-boosters on this forum said the departure of these downmarket stores would clear room for something else more in keeping with the supposed...

Thanks for the advice - I knew someone would eventually buy that place in Dell St after months on the market. It was a semi-detached unit on a small block (my guess is <200m2) in a group of units so was never a development prospect. An unusual aspect of the street (given the area) was...

http://www.domain.com.au/Property/For-Sale/Apartment/VIC/Frankston/?adid=2008289060 On the market for ages, $200k probably qualifies as cheap, but due diligence will determine if it's any good

I'd go Towerhill region assuming about the same price. Even though Franga North has the lower reputation, I'm suprised at the number of poorly cared for homes at Karingal - maybe more rentals than there used to be?

Yep. We can all do our research, try to identify value and hope that we are rewarded by above average results but this is not guaranteed. But at least buying value and decent yields will save us from going broke even if growth is mediocre. What they didn't publish was the equivalent...

Though that's nothing compared to the press Ascot Vale has been getting lately! Nevertheless its underworld status hasn't stopped the spruikers promoting it: http://www.realestate.com.au/review/jan06/article2.html

Let's try some comparisons: * Frankston is an hour's train ride from Melbourne CBD past graffiti-daubed fences * Manly is a 40-50 min ferry ride from Sydney CBD over Sydney Harbour * Frankston is about 40km from the Melbourne CBD in a city where the 'average' suburb is about 20-25km out...

I'm going to disagree here. An offer is merely a suggestion (comprising of a price, and sometimes conditions) from someone who wants to buy a property. The vendor is free to accept or reject any offer as they see fit. The agent works for the vendor. Though not a valuer, a...

No. (these words are added as post is too short)

Dr K: I'm confused. 1. Above you objected to agents taking advantage of sellers for a quick cheap sale. 2. Below you wanted to buy something ultra-cheap (but for others to do the work finding it for you!). http://www.somersoft.com/forums/showpost.php?p=540352&postcount=128 To...