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Maybe he's right, but, to me, there's an element of self-interest there. If marina's developed in Frankston, it could reduce the appeal of Patterson Lake drastically..

One significant thing about Asian investors swamping in is that, many of them have the ability to buy properties with cash outright. So, interest rate rise tend not to be an issue for these investors. This also inherently means that yield's not a big issue either. Therefore, what you tend to...

a piece of China story Just came back from Megumi in Frankston, and had a good chat with my wife's boss. Apparently they have observed a significant increase in crowd, especially Asian visitors. I hope my hypothesis will be confirmed soon, that Asians will be attracted to the water, the...

I wouldn't think a place that couldn't afford birth control could afford a few high end property estates, fetching a price range of 400k to 700k and a rent of 400 or more per week?

wow! I think I'm ready to kick out my tenants and live in my IP myself when all these are done~

I was not under the impression that agents are trying to undersell Frankston or Seaford?? They kept saying how much potential these areas have, and also backed up the increase in price with some stats from the last 2-3 yrs. No idea about Carrum Down as I never attempted looking for an...

units in Frankston Hi all, I've checked re.com.au sites, and found that a lot of units are still advertised for sale in central/south Frankston area. Are most of them still for sale, or the agents have forgotten to take them off the market? I'm under the impression that nobody wants to buy...

I went to SEITA office the other day, it's just behind my house (Brandon Park Biz Park). They couldn't tell me when they'll finish though.

Ming, I cannot agree with you more regarding the school, and I believe we are on the same wavelength here. When I was looking for my first property I kept thinking, "where's the first entry point for immigrants?" In Melbourne, Eastern suburbs have always been popular with Asian immigrants due...

Hi Toni: I know I should be buying a house with land, but I wanted to buy in the premium part of Frankston (for the reasons I mentioned in my previous post) and the house is too expensive for me (400k+). I also realise that the holding cost of Frankston South is very high, with gross yield...

Hi mingling, I think I share similar situation as you. I bought a unit for 265k in Central/South Frankston back in August, and I doubt I'll get any increase in value if I get it revalued today. Harris and Toni have already mentioned that Frankston South seem to lag behind the rest of...

I remembered somebody was asking Harris this question somewhere in this thread, and Harris explained that Frankston is only at the early stage of capital appreciation, and that each capital appreciation phase typically takes 24-36 months to complete, so he felt that Frankston still has long way...

which is not a bad suggestion isn't it?

What I was trying to say is, Frankston North/the Pine region is deeply rooted with low socio-economical background communities and will really take a lot time to change. That's why I was drawing comparison to St Kilda. Also, like St Kilda, parts of Frankston is really affluent, and the sky is...

Just a side note, if you believe in "sign", then you could interpret the moving of St Kilda FC to Frankston as a symbol of what is to come in Frankston, i.e. a mixture of affluence and filth, and a place that is never completely gentrified.

Frankston is bound to be an interesting suburb like northern suburbs of Melbourne (see "Ivanhoe, VIC" post). It seems that "good" and "bad" area are divided by Davey St. On one hand, you have places like Olivier Hills that's occupied by millionaires on the southern side, and on the other you...

I heard this news this morning.. not sure what the extent of the impact will this be on the area, but at the very least it can't be negative. Now am just patiently waiting for Eastlink to complete and see how many ppl from north eastern suburbs will be attracted to Frankston. Wonder when will...

nope, got a sms yesterday saying it was passed in, and it's asking for an offer now.