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C'mon now...

Hi all, on the prowl again looking for IP # 3. A few months back, I studied Frankston and Frankston South a fair bit, as well as Reservoir which is about 12km's out from the city. Ended up buying in Reservoir closer to the Preston side, as it just felt right at the time. Have started to...

Hi guys. With the new Freeway that is being built that connects the end of Eastlink to Mount Martha, how do you think this will affect Frankston? I'm thinking it may actually work against it as these "nicer" areas will now be more accessible and one would not even have to pass through...

Yep, as usual, top post Harris. It's nice to get an unbiased opinion from somebody who invests in the area and tells it how it is.

Agreed Toni. No doubt it has potential, but I'm finding it hard to shake off that stigma. I recently purchased 12km's from the city, close to a train and tram and I paid what I'd be paying in the better parts of Franga's. I just feel I have more growth potential there ATM, but of course this...

I've had my eye on Frankston for a while now. Seems the opening of Eastlink has done nothing for prop prices though. I believe most growth was delivered to that area based on the general growth that occurred every where else in Vic during 2007, and it being undervalued originally and not due...

I value your opinion Harris. Hope you are enjoying your holidays and look forward to an update upon your return.

Hi guys, well after having researched both Frankston and Reservoir, I eventually decided to buy my 2nd IP in Reservoir based on it being 12km's from the city, and picking up a pretty good bargain I thought, so I expect Capital growth to be better there. But, there's fuel in the tank so to...

Traveling costs is also of a concern to me. Given that the new freeway isn't free, it will cost somebody $4.82 per day to use it driving from Franga to the city. That's $25 per week, plus let's say $15 a day parking, which is $75 per week. So that's $25 + $75 + say $60 fuel, that totals $160...

Thanks for sharing Toni.

I am assuming Frankston may be one of those suburbs affected by mortgage belt. If so, you'd think more properties would come onto the market, thus slowing the market there somewhat, especially with the latest interest rate and another soon to follow. Would this be a fair assumption? I am...

Thanks for the info Harris. Toni, yes, it's close to the border. It's just in from Humphreys road. On one side Nepean Hwy and the other Baden Powell drive. Why do you ask? Would this make it more rentable? Also, is this pocket a good area to be investing as I'm not overly familiar with...

I'm currently looking at buying an IP in South Frankston, more towards Mt Eliza. Asking price is about $500K and rental is about $400 per week(or at least this is what the RE told me). It's a really nice home inside, maybe too nice for renters. What's the sort of demand from a rental...

Spot on Harris. It's definitely not a well located property in my view. But perhaps it is to others...

Stay away from the one in Kars street. It's in a hole...