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Its the lowest quartile of Frankston property that has the highest possibility of capital gain. These days, what most people deem junk has become extremely good value, more so if one negotiates hard. Right now I'm working with my loans manager to secure an old house on a potential 3 unit site...

I'm not worried about the bad news. Earlier this century, I was a buyer in some of Perth's worst suburbs, before they went up more than threefold. Most of the "junk" I bought for around $80,000 was sold for well over $300,000 in 2006/2007. Because of the stigma, everybody overlooks the fact...

Bought another old house on a dual occ block in Frankston Vic last month. Incredibly cheap. 4 bedrooms. 620sqm. Sold for $299,000. Tenant came with the property. The sort of property where you can keep the house and build another up the back once plans are in place. I own several in...