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Sounds like sour grapes that you don't have a spare $1m to invest. :D Druggies? Do you work for the police and keep in touch with local stats do you? I've seen drug paraphanalia on the street in Vaucluse & Double Bay. Prices there went up a lot since I saw the syringes back in 1990. Pray...

Prices are moving, albeit slowly - this is good for investors who haven't gotten in yet. It is rare to be able to buy houses in any metro Aussie beachside suburb for the $300k mark. But one can easily do that in Frankston/Seaford. That makes it cheap in my book. At the $300k price, it is...

Hi Player Wow 10 units on a mere quarter acre?! Wonder how they got approval for that back then. What's the cheapest 1br unit in Frankston sell for these days? Would the vendor been better off strata-ing off each unit and selling them individually?

Its probably on a massive site and buyers would thus be less concerned with the current yield than in redevelopment opportunities. Pity the agent didn't have the intelligence or courtesy to advertise the block size. Buyers would naturally want to know the block size - and if 10 units fit there...

Maybe someone who has subdivided can tell us of their experiences? I'm told the local council is pretty pro-development as they want to have the older houses removed and replaced with nicer ones.

do what the property gurus do, not what they say Spoke again to a Frankston real estate agent who claims that property investment gurus Margaret Lomas and Terry Ryder bought Frankston, Seaford and North Frankston homes through his firm. I asked about specific locations but he refused to...

On Sky Business News today, property guru Margaret Lomas casually mentioned Frankston again. Anyone know how many she owns locally? I was told by a local person in the know that she has 6 houses there. Is she still buying?

Congratulations Tony, hope your recent acquisition brings you much joy, not to mention profit

Frankston is a great investment destination. But if you are buying/selling in Frankston/Seaford, you need to be aware about some of the practices of local agents. This video, from another state, is how many local real estate agents operate. Be prepared, so you don't get hurt...

share your cheapies Mongrel agents aside, has anyone spotted any outstanding cheapies out there that you want to share with the rest of us? :)

goodluck There are many elderly people in Frankston who were duped into selling their houses for well below their true worth during the panic of last year. This is not something I made up - this story was covered by one of the local papers in Frankston. One granny was told her house was worth...

useless agents Property Meister or anyone else know what this property finally sold for? http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007942030 Being stuffed around by agents is normal in Frankston. Most are not into long term relationships with clients. The agent handling the...

One can never afford to buy all that one desires to buy. So why not share? How about some of the old-Frankston-hands post links to cheapies that you regard as being of especially great value. The sort of stuff that will outperform its peers ie. outstanding value situations that you'd love to...

keeping it eminently real I'm not saying its heaven and paradise all rolled into one. It is, however, the cheapest beachside suburb in any major city & has major infrastructure to boot. That's not from me - thats from respected gurus (Terry Ryder is just one of them) who have placed in on...

You bought a house in Frankston for $183k last July? If its 600sqm as u say then its got dual occ potential, which will make it a goldmine someday. Congratulations on getting a huge bargain! You must have got the cheapest house in town. Well done. No such bargains these days. Even so, virtually...

on and on and on As one of Australia's cheapest beachside suburbs with real infrastructure (university, tafe, shopping centres, train etc) Frankston/Seaford's full potentiality has not yet been priced in - there's more to come! Those who missed the boat a few months ago when houses were...

I'm guessing Frankston prices have a lot more room to grow as they are still well below the greater Melb median. There's more upside to be had once the long avaited marina tenders come through. Some of the loser real estate agents who frequent the Frankston threads will have to eat humble pie...