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Time will tell. You will see. Don't overthink the situation. The more roads the better. Being neurotic or pedantic about such things won't help. Take a couple of Bex and have a good lie down - she'll be right.

The area is booming, with more to come as older houses on dual occ sites are replaced with new dwellings. It will be the cheap suburbs like North Frankston that will outperform the rest of Melbourne.

You are spot on. Frankston North prices have risen and although there is still more capital gain to be had, it may be time to look at Frankston proper (Karingal etc) for better value.

Here is a list of cheapies in North Frankston. Imagine that.....redevelopable dual occ sites with perfectly rentable homes selling for around $300,000. Anyone seeking capital gain won't go wrong buying some of these...

I wouldn't go as far as that. Karingal in Frankston is yet another huge mispriced area with potential for growth, mainly thanks to the plethora of older houses on dual occ blocks. Plenty of room for capital gain in both areas, seeing they are both priced almost $200,000 below the greater...

Frankston North home prices are getting closer to Frankston prices.

I beg to differ. North Frankston is booming and it's getting increasingly hard to get a bargain. Frankston, on the other hand, a much larger suburb, has gone a bit quiet - more bargains to be found there IMHO.

Don't be put off by the fact that most agents are unreliable and are poor on customer service. As all listings are advertised online these days, there's no need to physically meet the agents unless you want to. I suggest scouting around domain and realestate.com.au first. Go for cheap, rentable...

Local agents won't come knocking on your door offering you underpriced gems - you have to spot the good deals online and haggle with them. This takes a bit of patience but can be very worthwhile. If you sound respectable and cashed-up, local agents will be more helpful than they would...

Most houses in the local area are on blocks of 600sqm+. According to the local Council, each one of these blocks can be redeveloped and the older houses can be bowled over and replaced with two new ones. Population density will definitely increase, no doubt about it. The local council is very...

The new zonings for Frankston mean that two houses can be built on lots where there were previously one. This will result in a gradual and sustainable increase in population. Major retailers and infrastructure like hospitals, universities etc are in place to cope with the increase in population...

Not too late if you do the homework. Still possible to find dual occ sites in Frankston for around $335k + And for much less in Frankston North - the median there is still less than $300k so there will be many bargains to be found. Remember, if you plan to develop its better to buy houses on...

Such is the Council's desire to rejuvenate the area, they sometimes consider development applications from owners of smaller blocks. Best though to err on the side of caution when buying ... go for a 600sqm+ block (there are so many of em) and it will be smooth sailing.

buy only 600sqm+ Those interested in developing should only buy blocks that are larger than 600sq. Otherwise, council may give you a harder time when trying to subdivide. Thankfully, most North Frankston blocks are larger than 600sqm. Council is generally easy to deal with. They are very...

The REIV data just in says that the median price for a house in Frankston is now $370,000. The figure for Frankston North was $287,500. Many Frankston North houses are routinely being marketed at $300,000+ these days. Still cheap given that most are on dual occ sites, a rare thing indeed.

I suspect that owners in Frankston will be hiking up their own price expectations in response to new sales records being set in North Frankston. I believe the median price in Frankston is now $360,500 - the cheapies are no doubt set to disappear as locals wake-up to what they are sitting on.

$306k for a fibro in North Frankston is a great price & a sign of times to come. North Frankston is definitely moving. The buyer will no doubt develop the block - in a couple of years there will be two houses where there was once one. North Frankston is full of development opportunities like...

Yes, prices are moving and can only go up from such a low base. By staying informed, one can find value and not end up over-paying. This is a useful tool for those wanting to do research on houses - it shows all previous asking prices and if you click the address, you can even see the house...

A weatherboard house on a 600 sq meter block sold for $290,000 last week. North Frankston prices are definitely on the move; the same house sold for $175,000 barely 3 years ago. Even at $290,000, this sale represents excellent value for a dual occ site when compared to similar opportunities...

The REIV median for Frankston North for the first quarter of 2010 is barely half that of the greater Melbourne area. The current Frankston North median is $270 000, with much more being paid for dual occ(STCA) situations where one can retain the front house and build up the back. I don't know...