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Sounds like the guy who bought it is perhaps expecting further capital growth in the area - or simply, had put a significant amount of time into the deal and has the money to hold it until further growth kicks in. All very interesting though. Are standard houses/units in Frankston increasing...

Hi awsydney, I am not sure if you have read this thread: http://www.somersoft.com/forums/showthread.php?t=31663&highlight=Frankston In this Harris, who has significant investments in Frankston outlines outstanding information about the suburb and it's investment potential. Regards Jason.