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chase sweeter fish It is wise to avoid buying all blighted property. That would include houses affected by road reservations and protected tenancies. Sometimes, things are cheap for a reason. Learned friends, unless you are into the law,.... don't go there, it is not worth the heartache. There...

There are still lots of bargains out there in Frankston without having to take advantage of anyone. This sounds like a "Bad Karma" investment. The elderly tenant should have the right to feel secure. And the unfortunate owner should somehow be compensated - why should he have to sell out for...

my buyers advocate seemed dis-interested!! This is the same bloke i was recommending not a week ago!! My biggest complaint is they seem totally not interested when they realize your only a little fish!! Dont these people realize that little fish grow up into big fat juicy (loyal) fish? Aren’t...

confederation of dunces A colleague, who is a cash buyer & doesn't require finance, tried calling one of the agencies mentioned earlier this week in this thread. Desperate to make an offer, he called 3 times over a week. The agent didn't bother calling him back. The house my friend wanted to...

real estate agents will hold frankston back There is renewed interest in Frankston. The good news is on the front page of the local newspapers for all to see ! There is interest and money out there and the marina's completion is a fait accompli. It will happen, there is no longer any doubt...

Nothing wrong with a Frankston apartment if you plan to live there ie. its close to work or if you are a retiree

Congratulations on your new home Bodybuilder, you've got it for a huge discount and you will do well in the next few years. Home is where the heart is: after years of renting, I am sure you feel better in a place that's actually your own; no more paying rent to someone else. And Seaford is the...

marina tender There is some overseas interest in wanting to build and operate the approved marina. In these difficult economic times, it would be wise for Council to make it clear that overseas tenders are welcome. Maybe advertise the same in overseas newspapers to attract more interest? The...

frankston north homes went up last quarter Lots of investors are focusing on larger blocks in Frankston North, these being suitable for redevelopment. As a result, despite tough trading conditions, the median for Frankston North went up in the last quarter - even though much of Australia went...

oi oi oi - no we can't Yes, foreign money wants to find a home in the proposed Frankston Yacht Club: $75m isnt exactly a huge sum in international terms. The argument for foreigners wanting to invest in Australia is compelling. But wait.......they can't! We Aussies can freely buy houses...

it IS happening (finally) Patience Buzzlightyears. The monies involved for the marina are not huge and there are a number of overseas yacht clubs that are attempting to obtain FIRB approval before they can put in their tenders. Like the laggard suburbs that surrounded Marina Del Ray in LA...

getting the best deal Sellers: I think the latest REIV median for Frankston is $307 000. It'd be foolish to sell a rentable brick house for less than the median unless it is falling to bits (in which case, it may be good for redevelopment so hang in there until the marina comes thru in 2009)...

agents - stop trolling Ditto. Good on you Matt. I to have had many, many bad experiences with local agents. Most are totally disloyal and would sell their grandmothers given half the chance. Agents please take note: these threads are for investors. The presence of agents is not something...

agents cause real harm "After inflation, many frnkston homeowners are often conned into selling their homes for less than what they originally paid all those years ago" Funkysouth is showing compassion to agents because he IS an agent! And like most agents, he is aware that cheaper...

latest REIV figures Regarding the latest REIV figures, it is interesting that Frankston moved up when the greater Melbourne median moved down. The problem for Frankston/Seaford is that commission hungry salesmen - most of whom don't even own property -are talking the area down. Lower prices...

Agents Underquoting to ensure fast sales - Beware My property manager kindly made an unsolicited offer to "help me out" after some baddie tenants took offf.... he offered $200k for a perfectly nice brick home on a quiet road in Karringal. Be warned: agents have no loyalty - the house is...

helping those who don't know better Rising interest rates are being used as a cudgel by agents to persuade uninformed, mainly elderly folks, to sell their houses for well below the median price. Some have sold in the mid-late 200s, albeit quickly - well below the median. To add insult to...

net buyer - I love property Replying to Toni & I Love Property........ I am an investor and let me qualify my remarks - I'm in it to make money. As a working class lad who has made good, I'm also in it to lift up neighbourhoods in the process of making a dollar. Having grown up in a dodgy...

ignorant agents hurting investors in frankston, seaford etc I sent some cashed-up overseas based medical colleagues to both domain and realestate.com.au, telling them about the new freeway, the monash campus (overseas buyers love to buy near university campuses), the proposed marina...

harris The local market is incredibly strong. We spent many hundreds of man hours studying the demographics, the econometrics, we carefully considered all the dynamics. Being far away made it better as we were not emotionally involved. Most folks pump up their own suburb because they've lived...