Not at all. There is some great buying down that end of the woods that suits a certain type of strategy. It has been quiet over the last few years from a statistical growth point of view but as "grand dad" likes to point out, there has been plenty of money made by those being a little creative.I can see all the buyer's agents screaming
Spot on. The big capital gain prospects lie in Frankston/Seafords development potential. The secret is to buy cheaply, away from what the so-called experts tell you to buy. Paying too much for a near-beachside house is not a smart move for CG (although its fine if its a PPOR and you love the beach). The profits lie in buying cheap "junk" on larger blocks. The council is pro-development and its common to see blocks that are below 600sqm being subdivided and redeveloped.Personally would only purchase in Frankston if one's strategy is add-value/sub-divide/develop
Going to disagree slightly here with Grand dad (sorry) in that investors should look primarily on the Beach side of the train tracks.Jake. What is the right side of the tracks??
Sorry, thought you said 3BR home. Not vacant blocks of land.The key with buying in FT is to go with the mass market. Purchase a 3br brick houses on a block that is 600sqm+, ideally a couple of streets back from the beach on the "right" side of the tracks. You should be able to pick them up for $300k-$400k depending on location/accommodation.