How about you Frankston supporters post a few links of what you consider to be cheap, bargain-basement properties for the rest of us to look at? You can't possibly buy up all there is to offer so why not share? 
I love Frankston South. IP#3 done deal would you believe?
- Thread starter The_Bludger
- Start date
Try these.
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=45841408&s=vic&tm=1251204972
If you can get it around $230,000. Property sounds OK.
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=45841408&s=vic&tm=1251204972
This has been on the market for at least since November. Maybe get it below $200,000? who knows
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=45841408&s=vic&tm=1251204972
Was on the market last year. Start on $200,000 maybe.
The bargins in Frankston North are drying up, but these are the ones that have some potential and you may get it cheap.
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=45841408&s=vic&tm=1251204972
If you can get it around $230,000. Property sounds OK.
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=45841408&s=vic&tm=1251204972
This has been on the market for at least since November. Maybe get it below $200,000? who knows
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=45841408&s=vic&tm=1251204972
Was on the market last year. Start on $200,000 maybe.
The bargins in Frankston North are drying up, but these are the ones that have some potential and you may get it cheap.
I wouldn't buy in Rosemary Crescent, it's the only pocket of Housing Commision left in Frankston North. I prefer the pocket between Excelsior Drive and Ballarto Rd. This is the newer area, locals refer to it as 'Frankston North' the older area is refered to as 'The Pines'
I also like Plantation Ave & Pine Street for it's location but the properties are much older and more run down.
The brick house with the bungalow at the back gets my tick. These bungalows can always be rented out by owner occupiers for a few extra bucks. I'm guessing the block is a dual occ site.
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=45841408&s=vic&tm=1251204972
If the other houses are cheap, it is more due to the poor sales skills of the respective agents rather than the condition of the current very hot market.
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=45841408&s=vic&tm=1251204972
If the other houses are cheap, it is more due to the poor sales skills of the respective agents rather than the condition of the current very hot market.
I have a very basic question
When I see something like this:-
"Currently tenanted to a long term tenant of seven years and willing to stay (subject to terms to be negotiated post sale). "
does an incoming purchaser have to honour the tenancy? I assume it is on an expired lease (i.e. tenancy at will) and therefore statute states number of days notice to end tenancy.
I don't like the idea of negotiating lease terms with tenant after purchasing and wonder whether a purchaser might have a difficult time increasing the rent.
Prefer vacant possession or a lease on my terms in place at settlement.
When I see something like this:-
"Currently tenanted to a long term tenant of seven years and willing to stay (subject to terms to be negotiated post sale). "
does an incoming purchaser have to honour the tenancy? I assume it is on an expired lease (i.e. tenancy at will) and therefore statute states number of days notice to end tenancy.
I don't like the idea of negotiating lease terms with tenant after purchasing and wonder whether a purchaser might have a difficult time increasing the rent.
Prefer vacant possession or a lease on my terms in place at settlement.
I guess this is why they say the way it is, and if it doesn't suit the buyer, then move to the next property!
I guess you would need to know what the rent is, how much you expect to increase it by, and then possibly expect to loose the tenant if the increase is to much. or the tenant might also have rights to refuse 'extreme' increases
Yes, the tenant has a tenancy with the house itself, not the vendor.
Could you explain how you can tell it has been on the market since November?
Would be nice to know when looking at properties.
Regards
Regrow
In regards to a lease, if it is a periodic lease, then it's quite easy to increase the rent. If it is a fixed term lease, then you will have to wait until the lease expires.
The reason why I know that the property has been on the market at least since November is that I have been looking at realestate.com nearly everyday since November and it has been on that site since then.
The reason why I know that the property has been on the market at least since November is that I have been looking at realestate.com nearly everyday since November and it has been on that site since then.
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=73309357&s=vic&tm=1251432586
Will be interested how much this will go for. The location is pretty good.
Will be interested how much this will go for. The location is pretty good.
It is near a few industrial sites. But it's very close to the bay and compared to the link below, seems to be advertised at a low price. (similar location) Have no idea what property in that location is worth as I haven't been following that area too closely.
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=40043250&s=vic&tm=1251443156
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=40043250&s=vic&tm=1251443156
Geeeez. Yhey look like they are getting Greeeeedy.
Looked in this area last Saturday and the prices are well up there, and selling quickly too.
Very close to the bay and Central Frankston.
This is a ridiculous price. 4 Ebdale Street recently sold and hasn't yet settled for $375k. There are 1100 sq properties with homes on them with potential for 3/4 units in Frankston South off Kars Street for the same price...
Any idea what this sold for.
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=76056827&s=vic&tm=1251516294
My guess is around $245,000 as it was advertised at $249,000 and it was only on real estate.com for a bit over a week.
When will stock start coming back?
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=76056827&s=vic&tm=1251516294
My guess is around $245,000 as it was advertised at $249,000 and it was only on real estate.com for a bit over a week.
When will stock start coming back?
Weren't you the agent who predicted the end of the world earlier this year? Despite what you said, Frankston prices are setting record highs. You don't seem happy with that.
Frankston is underpriced relative to the Melb market and is catching up. Get used to it: Prices are headed northwards.
You got it badly wrong earlier this year. Your credibility is shot. Travel around the world a bit more and you will see that $310k (the current Frankston median) buys you very little overseas.
Sooner or later, people will realize how badly mispriced Frankston is. Ask gurus like Terry Ryder, Margaret Lomas....I daresay they know and own more than you do about mispricings and hotspots.
he is one of those people praying prices come down! he will be very old, and still waiting ahhaha
