Is it time for Frankston?
- Thread starter clouds
- Start date
mmm interesting. But surely no-one bought specifically because council was proposing a marina? There's so much more going on than that!
I also thought it sounded great at first - then found out more about the area and now it doesn't sound right. There are a lot of protection for native animals and traditional aboriginal land in the Langwarrin area and the Kannanook Creek seems to be getting rehabilitated. In other words, there are established groups - probably with money.
I actually think Frankston and the surrounding areas have their own appeal. A marina could be a lot of fun and would really change the place a lot. Don't get me wrong - I love the idea!
More realistically, there's already a popular beach and a marina would make the water and sand oily.
I'm hoping that first home buyers and baby boomer down-sizers keep buying in. I also hope that the bogans don't leave but rather take this opportunity to up-grade into their own ppor's and aim to send their kidlets to Frankston High.
If everyone is an investor on a sub-divisble block, there'll be too many places for rent. When there are more owner-occupiers, there'll be less places to rent and the yields will be good and then the investors will want to buy in but no-one will want to sell. So then rents go up and CG goes up.
How long do you reckon???
Are you sure about that toony? seems to be some CG in the last 6 months?
I think you know that just about every property in Australia temporarily lost value during 2012 .... and Melbourne has been biding her time. Some parts have taken off in Melbourne but not all.
Frankston isn't doing too bad - has recovered the losses, at the very least.
Well. I can assure you I have seen excellent growth and I'm wrapped!! Frankston Central really has skyrocketed cause young families and investors are buying there. And agent after agent after agent tell me this "people are committed to buying"
Well I bought for 320 in April 11. 3-1-4 I renovated it before I renos I was told 260 p/w I spent 20k on renos. after Reno I mgetting 320 p/w could get more but I have amazing tennants who I'd rather look after than lose. current value 370-390k
On really hot days it seems like there are more boats than cars. Boat City.
Last edited:
long88
long88: Do you mean St Kilda's done beeter with CG or Frankston has?
I bought for K360 in 2010. Rent started at$320pw. 4-2-4. 720m2.
Too scared to get it valued just yet- last time I asked REA for a guesstimate, she said "still around K330". That was probably a year ago.
Rent went down to $290 pw and is now going up to $310 pw with new family moving into house.
So you're all way ahead of me but I'm hangin' on! No renos yet. I think it makes a big difference there. Ithink my house is a diamond in the rough ...
long88: Do you mean St Kilda's done beeter with CG or Frankston has?
I bought for K360 in 2010. Rent started at$320pw. 4-2-4. 720m2.
Too scared to get it valued just yet- last time I asked REA for a guesstimate, she said "still around K330". That was probably a year ago.
Rent went down to $290 pw and is now going up to $310 pw with new family moving into house.
So you're all way ahead of me but I'm hangin' on! No renos yet. I think it makes a big difference there. Ithink my house is a diamond in the rough ...
Last edited:
long88
long88: Do you mean St Kilda's done beeter with CG or Frankston has?
I bought for K360 in 2010. Rent started at$320pw. 4-2-4. 720m2.
Too scared to get it valued just yet- last time I asked REA for a guesstimate, she said "still around K330". That was probably a year ago.
Rent went down to $290 pw and is now going up to $310 pw with new family moving into house.
So you're all way ahead of me but I'm hangin' on! No renos yet. I think it makes a big difference there. Ithink my house is a diamond in the rough ...
it definitely makes a diff wattle. depends on your reno. no such thing as a budget in reno's if you ask me.....
Hi
Thanks for that information. From my understanding there are a couple, let's say a few different companies and developers that are interested in getting involved with the marina in Frankston but haven't due to some unfavourable terms from the local council so are sitting back for now and waiting for some more attractive incentives to make it a win/win situation for all involved.
Considering the success of Blairgowrie marina and the costs for keeping a boat moored in the docklands/yarra precinct I know that some developers with the access to financing the Frankston marina project are still interested.
I wonder what the developers of Wyndham Harbour are going to look at doing when they finish that off?
I think it would be good if the local council develops the rock wall themselves and then tender the marina development out to an experienced developer.
The closest safe harbour/marina north of Frankston without a boat height limit is Sandringham so it is also required from a boaties point of view.
And I will probably get shot for this but a local just purchased a 130 foot mega yacht and has stated he would like to keep his boat moored at Frankston closer to his home and yes he has the money but has no knowledge of marina's or development so god help us if he builds it!
I would love to see it happen
, but will it ever happen is anyone's guess.Regards,
alicudi
How so? Neeko has one property in Frankston, so there is some credibility there I'll grant. granddad keeps sprouting off figures that he cannot prove even though he's been challenged on it a few times.
hi,
mine is in fr south.
no reno at all, still in original condition since day 1. has done a lot maintenance though.. burst pipe, leaking roof, pest bill, stove faulty, leaf & gutter protection.
all of the joy of owning property...
lucky now the tenants loves the house, and looking after the garden as well. so i will leave it in their capable hand.
and i would have thought that st kilda could do better in capital growth, pls prove me wrong so i can sleep better at night..
and yes... we all have to hang in tight there.. the marina have been in a rumour since i bought it, but that is not the trigger to purchase. (also my house is in fr south school zone).
now.. where to look to buy ?
mine is in fr south.
no reno at all, still in original condition since day 1. has done a lot maintenance though.. burst pipe, leaking roof, pest bill, stove faulty, leaf & gutter protection.
all of the joy of owning property...
lucky now the tenants loves the house, and looking after the garden as well. so i will leave it in their capable hand.
and i would have thought that st kilda could do better in capital growth, pls prove me wrong so i can sleep better at night..
and yes... we all have to hang in tight there.. the marina have been in a rumour since i bought it, but that is not the trigger to purchase. (also my house is in fr south school zone).
now.. where to look to buy ?
long88
long88: Do you mean St Kilda's done beeter with CG or Frankston has?
I bought for K360 in 2010. Rent started at$320pw. 4-2-4. 720m2.
Too scared to get it valued just yet- last time I asked REA for a guesstimate, she said "still around K330". That was probably a year ago.
Rent went down to $290 pw and is now going up to $310 pw with new family moving into house.
So you're all way ahead of me but I'm hangin' on! No renos yet. I think it makes a big difference there. Ithink my house is a diamond in the rough ...
hi,
if you read/search, the nick is harris
he got a lot more stories to tell about frankston/fr south.
he got in a lot more cheaper price at earlier time... and very long thread.. hope you have the time to read/find it.
a lot of history and information here.. if you know where to find..
if you read/search, the nick is harris
he got a lot more stories to tell about frankston/fr south.
he got in a lot more cheaper price at earlier time... and very long thread.. hope you have the time to read/find it.
a lot of history and information here.. if you know where to find..
