Now many of you would know that I haven't been a huge supporter of Frankston. I decided against buying there last year and instead purchased in Reservoir, where the price on this particular property has risen 10-15% in 1 year! So I was wrapped with that.
The main reason I didn't by in Frankston was due to it's distance from the CBD and some of the "types" of people that lived there. No, I won't be name calling again... But I have come to realise(and it's taken me a long time to realise) this area has so much potential and not investing here would be silly of me. And these "types" I speak of will gradually move out, just like many other suburbs over the years gone by. Also, life doesn't revolve around the city for everyone, so CBD not a huge problem when you can live next to the beach!
To cut a long story short, I have been following this area as I do many others for quite a while and noticed over the last month or so(and talking to a real estate mate of mine that I hadn't spoken for a while), stock has been moving very quickly. I made an offer on a house late last week(had only been advertised for a few days), but it had sold.
Then another one came up in a nice pocket of Frankston South with a nice block of land. Might stick a couple of town houses on it in a few years time when I get my building act together.
I can confirm, Frankston is on fire! And the best part about it, is where else can you buy in a in beachside suburb for $350K in Melb?
So to the "I love Frankston" brigade, put my name down.
The main reason I didn't by in Frankston was due to it's distance from the CBD and some of the "types" of people that lived there. No, I won't be name calling again... But I have come to realise(and it's taken me a long time to realise) this area has so much potential and not investing here would be silly of me. And these "types" I speak of will gradually move out, just like many other suburbs over the years gone by. Also, life doesn't revolve around the city for everyone, so CBD not a huge problem when you can live next to the beach!
To cut a long story short, I have been following this area as I do many others for quite a while and noticed over the last month or so(and talking to a real estate mate of mine that I hadn't spoken for a while), stock has been moving very quickly. I made an offer on a house late last week(had only been advertised for a few days), but it had sold.
Then another one came up in a nice pocket of Frankston South with a nice block of land. Might stick a couple of town houses on it in a few years time when I get my building act together.
I can confirm, Frankston is on fire! And the best part about it, is where else can you buy in a in beachside suburb for $350K in Melb?
So to the "I love Frankston" brigade, put my name down.