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Neeko, just curious, are these triple fronted homes mainly built on concrete slabs?

Somebody mentioned that Frankston is back on Terrie Ryder's Top 10 Hotspots. Despite all the negative stuff, it seems as if Frankston has an institutional following. Margaret Lomas had it on her buy list, but I am not sure if that is the case any more? What does 'triple fronted' mean?

You'd get a decent yield for sure. Capital gain may be less though. My own situation is that I am a capital gains guy. I believe cheap houses in the late two hundreds are outstanding bargains with potential for huge gain. I am expecting 50% CG (over three years) on some of the low-end gems...

If anyone is interested, the prices are still pretty low: http://www.realestateview.com.au/propertydata/median-prices/victoria/frankston/ Anyone wanting updates on crime figures can see here that it is no more dangerous than inner-city Melbourne...

Perhaps he's a visiting bogan? A genuine self-respecting Frankston feral would know exactly where Centrelink is located, for sure! The more negative news, the better, as far as I am concerned. When I bought into some of Perth's more feral suburbs (including places like Balga, Beckenham...

I have purchased most of what I want and plan to land bank for awhile, until I get plans, permits etc approved. I plan to hold on to what I have for up to 10 -15 years. I did the same in WA in the early 1990s and it turned out well, with some of my portfolio going up as much as 8-fold. I...

That site was a deceased estate sale. It is a potential three unit site STCA complete with rentable house, for $285,000. If the neighbour managed to get it passed through council, the new owner should be able to do the same and replace the old house with 3 units. That works out at around...

Still buying. But very selectively. I started this thread with all the negatives about Frankston. Why? Well, the negatives about the suburb turn me on because they scare others from getting in. I am happy for the crowd mentality to push prices down further (so I can get more bargains). My...

I get what you say. Depreciation can be sweet. And maintenance can be a huge burden. How big are the blocks? Can they be redeveloped? Or are you committed to holding them for yield?

I see that the IPs you bought are relatively new. Is there a reason for your choice? Personally, in order to get the maximum Capital Gain, I prefer older (but still rentable) junk, provided its made out of brick and is on a development sized block. In my experience, having the right town...

Because the lower end has become much too cheap relative to the general median. IMHO its the lower end that is the most interesting. It is full of old houses that the local Council wants redeveloped. With a good town planner, almost anything is possible. I have seen people put 3 units on a...

Let's look at the negatives first, before becoming starry eyed: 1. Although it has plenty of infrastructure and is a rezoned beachside suburb with development opportunities, Frankston is not a high-status location. It has its fair share of social problems. Thankfully, the bogans and ferals...