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3 Unit development site for 350k http://www.realestate.com.au/property-house-vic-frankston-117248947

Please show me a property on Orwil or spay st that is sub dividable and under 300k, I want to buy them ( and by the way the Bradshaw st property only sold for the price it did because there are major structural issues, it was initially knocked back by the bank until the price was lowered)...

Hello to you to neighbor, which part of the lakes are you at (without giving the exact address of course)

Hi James You are talking about buying a house to live in I am talking about buying a house for an investment, you really cant compare Berwick to Frankston , one is a beach side suburb the other is not. That would be like me comparing Patterson lakes (where I live) to Ivanhoe and say...

We can debate over Frankston until we are blue in the face, some will like the suburb others will not. All i know is over the last 10 years I have invested 1.3M in Frankston and in today's market if I were to sell everything up I would get over 4 Mil. for all the properties combined. From...

You are absolutely correct, houses are not as cheap as they use to be however, if you are willing to work at it and have patience you can still grab a bargain, it is still the cheapest bay side suburb in Australia. I do not believe it will hold that title for too much longer, in fact I am...

I don't think you have missed the boat at all, there are still bargains in Frankston as long as you are prepared to look and wait. Only last night a property at Bradshaw st was signed up for 285k with a potential rental return of 16kp.a ( the tenant pays for your house) older house on 623...

Well I guess we have been dealing with the Chinese for over 20 years now so maybe it has rubbed off on us. Not a bad way to be

Thanks Lord Shanghai We are basically Hoarders always buy and never sell.

Could yo tell me who the one agent you mention is?

Grandad if you know of any such properties that will give me a 5% return on rental + cheap to purchase , please let me know I cant seem to find one within that criteria, its either high return or high capital gains growth one or the other not both at the same time.

Buying the lowest quartile may give you a higher percentage return on rental however, in most cases that will be offset by lower capital gains,. I have seldom seen a property that will give you a high return in rental as well as a good capital gains return, it is usually one or the other that...

Not so great when you consider they are building a 3 storie apartment block across the road to house those in need..... good luck with capital gains on that one

Hi Grand dad Yes 490 is what we paid for the property. Here is another property that looks like reasonable value until you dig a little further ie. talk to the agent http://www.realestate.com.au/property-house-vic-seaford-118042419 Is listed at 340+ so in my books value is ok, we call the...

In My opinion anything that borders st Paul college is going though the roof in price similar to Skye rd, Cranbourne rd quadrant. If yo want to buy in these places buy up quickly. Check it out for yourself have a look at what prices were obtained 6 months ago in these areas and what price they...

Grand Dad as someone that has been spending most of his time lately looking for property in the areas you mention, I cannot find anything of value in the price range you have stated. Please show me where these properties are. 350-400 in seaford? on beach side of frankston freeway....I cant find...

This will sell for the price listed. The problem is that they are building something like a three storie youth hostel across the road, building already approved. In my books not a good place to buy.

The property in question has wide bay views not just glimpses between trees, and cannot be built out. This was one of the biggest factors why we purchased

Having just purchased this property I have to disagree with you Grandad. We now have conceptual drawing for 3 townhouses for this block if we choose to go down this path, or option 2. two larger townhouses both with bay views, or we can renovate the house, A quick calculation of renovating...

Update. we bought this one