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Also one should be more wary than usual with contracts from that particular agency due to http://www.lawyersconveyancing.com.au/news/045_gazumped.asp and http://www.lawyersconveyancing.com.au/news/076_ian_reid.asp

OK, it's only 2br and may be on half a block, but given it's central Franga (Parer St), surely this would be worth $250k plus, rather than the $195-235k quoted? http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2008070984

And Frankston appears not to be exempt from tiny yields. Unless it's bait advertising, $115pw for this 2br unit in Fairway St, Central Franga (admittedly not the best street) seems insanely low...

Graham Kennedy and Elisabeth Murdoch also lived/have connections with the area. The area was very different before the cheap housing came in the 1960s/70s (when the Pines was developed) and mass unemployment/social problems hit a decade later. It was in this era that Frankston changed...

I agree; by definition 50% of Melbourne suburbs are below the metro median price. Let's look at four things that correlate with high prices in Melbourne and compare Frankston against them: * Near CBD. Fail. At 40km from the CBD, Frankston is further away than 80% of suburbs. * Near...

And all suburbs between Mordialloc and Carrum. I like houses on culs-de-sac that end at the dunes, although these may not be good if they end on a busy highway (if it's difficult to turn out into). A couple of houses back (to shield wind), but with a front room and verandah aimed towards...