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I think you did the right thing and took the plunge with Frankston. I am surprised it has been so slow to move compared to the rest of the suburbs. But then again it can't go anywhere else but up from here. How fast who knows bit if in the long term game then I think it will be okay...

Cadence can I ask which other suburbs you think are better value than Frankston at 400k? I really can't think off anything that has close beach proximity, railway station on hand and money being invested into it. Just wondering what suburbs you have in mind as I am thinking about an IP...

What is something like this really worth? http://www.realestate.com.au/property-house-vic-frankston+south-117692767 It was listed for 650k now 590-650 to generate some interest. The garage has been converted into another bedroom. The remote garage door is still mounted in the bedroom...

Spoke with my mate who has some investments in frankston south. He thinks the marina will never be built. He was optimistic when they first talked about it. Now he thinks he should have invested else where. But who knows and is not 100% sure either.