The whole of Frankston is changing. There are alot of new developments and Frankston North is part of all that. The blocks in there are quite large and as developers move in there, I can see alot of the old houses being bull dozed and new properties put in their place.
I'm not sure of the exact developments happening in that region of Frankston, but I am aware that council is investing alot of money there to lift its image.
As the appearance changes, so to will the prices and the people residing there. I saw this happen in Heidelberg many years ago, when they started bull dozing the commission homes and building new ones, the prices escalated considerably and at one stage was worth more than Macleod. I am not sure how they fare now and as an excercise, I might investigate that.
The part of Heidelberg that I am referring to was so bad, that when you drove through there, you would pray that your car didn't break down.
As with any run down area, when developers and council decide to revamp an area, change will occur and old attitudes will change and people who can no longer afford to live there, move on.
Don't listen entirely to real estate agents, ring the council or get on their website and find out exactly what is going on in that region. I have mainly invested in Frankston South, so unfortunately I am not really answering your question. But I do believe that before you buy a property, you should know as much or more than the agent, then when you buy, you can rest with your decision, knowing that it is right for you.
If I had listened to real estates, I would not have made the money I have. Trust no one, listen alot, study alot and then, and only then make your move.
I am passionate about Frankston and believe it has a long way to go yet.
This is a job, and for me has become a way of life, study and enjoy.
Toni