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If I could sell it for a song, I would. I have a much higher benchmark of what I expect my investments to return to me than I did 5 years ago, even 12 months ago. I critically evaluate my decisions to purchase/maintain properties and don't see any inherent issue in critiquing a suburb or...

meconium, as a owner in Frankston South, I agree partially with your sentiments, however, I think what the area has is potential to be a better area but I think it is priced accurately. Looking at actual income in the area SQM's results for at least 91, 96, 01 & 06, see family income falling...

This property sold last week for $614k. These was a similar sized block sold approx 12 months ago for $525k. There have been a number of blocks sold recently in Denbigh Street. You will need to wait for a while if for development, new 3br 2 bathroom townhouses are only selling for mid-400's.

For any specific property, you can go the DSE site or use Google Earth which also has a measurement function. Then use Streetview to see the streetscape and local streets. You almost need not to go and inspect the property? ;)

And now they are Century 21 Wentworth Crowders :eek: And this is the the mouthful the receptionist says each time when you ring them, ....."Welcome to Century 21 Wentworth Crowders Frankston" (I have a property that is managed through them as well)

You could be right, but if that's the case, its definitely not worth the money they are asking. Which is why it probably hasn't sold. The market never lies ;)

Nice neat home. The block is 15m x 38m and is in an excellent part of FS. Its more a candidate for a PPOR than investment IMO. It would rent for around the $400 to 420pw mark. Personally, that price is around the right mark As mentioned though DYODD.