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This is a classic positive geared dual occ situation that much-maligned Frankston is famous for. From the look of things, it has side access and provided the access is more than 2.25m you could well build another house up the back without demolishing the original house. If you could buy the...

Thanks for pointing out my error. My apologies. I hope my advanced age gives me forgiveness. One thing is certain: as habitable as the house is, it will probably be bowled over and redeveloped due to the land size. I notice the agent did not market it as a redevelopment site - they probably...

http://house.ksou.cn/p.php?q=Frankston&sta=vic&id=518214 This is the kind of textbook example I have referred to in the past. In this case, a rentable brick house on a dual occ block in central Frankston has been sold for a measly $304,500. Capital gain is pretty assured at this price...

At auction, a functional house with granny flat sold for $280,000 last week. http://house.ksou.cn/p.php?q=Frankston&sta=vic&id=516688 This site is definitely not redevelopable as it is too small. I would imagine this sale would be a cash flow positive proposition. Needless to say, this...

Sound advice. Apartments are for hipsters, not serious investors. Still, some people swear by 'em; I know nothing about depreciation and other tax breaks. Too old for that.

Thanks for the pics Lord Shanghai. In relation to some of your comments about Asian students moving into Frankston Senior High School, it will be interesting to see how well or badly this years crop of HSC students will do. Few people remember that Southeast Water's HQ was based in Frankston...

Frankston is definitely the kind of place where you need a car to get around. Unless its central Frankston (where much of the supposed crime takes place). On the topic of crime, I googled "st kilda, crime" and came up with literally dozens of stories of murders, prostitution and drug busts...

Actually, its possible to get dual occ sites in Frankston North for around $250,000 if you look hard enough. In Frankston itself, you can do the same for $300,000-$350,000. As for crime - the crime rate in Frankston is below that of innercity Melb. Yes, there are a few bogans around, but they...

I will go with Grandpappy on the idea of "buy the lowest quartile of Frankston property." It makes a lot of sense as you are paying block value more than anything else. (With thanks to TMNT for spotting it) This one on Ebbdale Road sounds great...

I congratulate you on your acquisition and wish you well. Can you confirm the price you paid? According to the occasionally inaccurate ksou/RP ddata, it sold for $490,000...

For those wanting capital gain, do NOT buy anything that is priced above the most recent lowest quartile median. Using this yardstick, the property TMNT has linked to is way overpriced. Barely a year ago, you would have been able to pick up deals like this for $150,000 less than the current...

Although there are many capital gain prospects for those who get in cheap, one still has be be careful. I have been warning people to be cautious when buying in Frankston. Why over-pay when tere is so much value around...

They have set the reserve a tad too low in an attempt to get as many interested buyers thru the door as possible. As an aside, more and more Asian buyers are attending Frankston auctions these days. One even sees more than a few Asian faces at the local high school. In all likelihood, this...

If TMNT is right, I offer my very sincere apologies. I relied upon a public source for data that may not have been correct. All that said, there were a number of occasions last year when Frankston property was sold off cheaply. I know one person who managed to buy an old brick house on a tiny...

http://house.ksou.cn/p.php?q=Frankston&sta=vic&id=404417 This one is a dual occ site, eminently rentable. Just $225,000 at auction. I bet this one will give the owner a 50% capital gain in a year or so. Can't beat Frankston for value! It's the cheapest end of Frankston that will...

http://house.ksou.cn/house_img.php?sta=vic&id=382158&addr=216+Skye+Road&region=Frankston&img=1 Only in Frankston will you get a deal like this. Effectively two houses - both perfectly rentable - for the price of one. That's two houses for a grad total of $345,000. In this case I expect a yield...

I still maintain that the best value is to be found in the lowest decile of Frankston houses. This one is nice, but its at the upper end of the market. Near the beach, if you like that sort of thing. http://house.ksou.cn/p.php?q=Frankston&sta=vic&id=360772

According to the Victoria Valuer-General's Office barely 2% of homes in Melb are on development sized blocks. In Frankston - and this is the interesting bit for wannabe developers - more than 40% of homes are on dual occ sites. You can confirm this by calling the VG's office to ask, if you...

This is the sort of thing I refer to: http://house.ksou.cn/p.php?q=Frankston&sta=vic&id=360144 Although it is just under 600sqm, there is every chance this could qualify as a dual occ site. Pretty good value for $290,000. Whoever bought it could rent it outfor a few years, then demolish and...

Good value for sure. However, if one looks hard, it is possible to find brick houses on dual occ blocks selling for less than $300,000. Very few Beachside suburbs can offer the same value. This website is a good guide for recently sold property: http://house.ksou.cn/p.php?q=Frankston%2C+VIC...