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Never heard of this. But if thats true - i would not touch the property unless you can calculate discounted cash flows based on an assumption the person will last x years. Why buy a property if you cannot get market rent?

Blah Blah Blah. I think your generalising and you obviously dont live in Melbourne. I invest in Frankston but live in Aspendale. Frankston has its issues of which distance to the city is my main one. But there are many other great features of Frankston. These are priced well in current...

I dont think the agents in Frankston are any different to other areas. They are all after their comission at the end of the day. Also some agents have a day off during the week and this may explain why no calls were returned. In my view if your prepared to buy an agent will bend over...

Agreed. Thats my area for investment.

Never heard it referred to as Scankston by the locals. Maybe those from outside the area. Margaret Lomas is now saying what the locals and those in the general area have known for sometime.

You beat me too it. The picture looks good. The next step that Frankston requires is for a govt department to move to Frankston - somewhat similar to the TAC moving to Geelong. I am off to see my local member tomorrow.

Dont worry. One day they they will sell up and buy in Dandenong, Cranbourne and have enough spare change for a decent holiday

Whats the traffic like at the end of the Frankston freeway during peak hour now that Eastlink is open? A few weeks ago, I drove from Mordialloc on the old freeway and the traffic, after the Eastlink connection was banked upto Seaford. It was a saturday arvo so I am not sure if the problem...

Nothing beats driving in the car and speaking to the agents and looking at the different streets and areas. Find a spot you are comfortable with eg. Sth Frankston in High School zone and focus on that area. there are many different areas of frankston, beachside of nepean eg gould st, nth...

I have not looked at it but I have my doubts/concerns. What control do you have? What are the body corp fees to maintain the property? I reckon you are better off buying your own property elsewhere.

I have two units in Frankn South and have never had an issue finding renters. However. I have had issues with late payment but now the renters are good. Mingling - That type of stuff can happen anywhere. Is it not common to throw the pot at your wife if dinner is late or not tasty.

Can you see why property managers are not interested If i was a property manager there is no way i would want to manage a student house and collect rent by the room. For a property manager, the effort involved does not match the income generated. I would be surprised if any property...

Rupert Murdochs Mum Did you know that Rupert Murdochs Mum could live anywhere in the WORLD. But she still chooses Langwarrin/Frankston

I was looking at houses in Beaumaris last week end. When the kids are at secondary school I want to move back to Parkdale/Mentone and maybe Beaumaris. But the thing about Beaumaris is. There is no decent beach. There is no railway station so you need two cars. So to me, I would rather spend...

I agree with Ms Jade to some extent. But i also agree with Harris too. I have a foot in each camp. As a kid i grew up in Mentone and then my parents moved to Frankston. What the????? Though I live in Aspendale, i do spend a lot of time in Frankston and i first bought in Sth Frankston in...

I have a few units in Sth Frankston. There are only a few units in Sth Frankston on the market. I would not buy a unit near the TAFE college or Beach St. The Beach St area has been known for its druggies. Hopefully this is changing as its close to the Station etc. But it will take time...

Well I am an advocate for Frankston. I have NEVER had an issue with my Mentone properties over a period of 10 years compared to Frankston. They have only been minor issues. Mainly late payment. Worse case was about 3 weeks rent still owing from my brothers ex-girlfriend. Claim now...

If i lived in Brisbane - i would sell. I had (its been good the last 18 mnths) enough trouble with my rentals in Frankston and i live 10 kms away. But i dont believe in investing interstate. I want to drive by and see the properties.

Elizabeth St. to St. Kilda Rd is not 10 kms. Reservoir is not bayside.

I think thats a great start. Look at buying something in Sth Frankston near the football ground around Kar St.