I'm bracing by hopefully selling my place to one of the out of towners when they come down and fall in love with good old Frankston ... hahaHow is everyone bracing for the SE Water staff arrival? Going to be the biggest change to Frankston perhaps ever. In past three years Frankston has gone from zero decent cafes and restaurants to having more than sufficient.
5% yields are pretty average. Nothing to shout about. Expect the occasional bad tenant.Random post but I don't know much about Frankston. What yields would you usually get on a home there? Would you avoid units? Are we looking at it booming from an affordability point of view like Western sydney?
I wouldn't avoid units. During 2012 units were selling for almost the same price as houses. Since then houses have gone up again and units not so much.Random post but I don't know much about Frankston. What yields would you usually get on a home there? Would you avoid units? Are we looking at it booming from an affordability point of view like Western sydney?
So glad you have found the page informative and made good decisions based on the information presented to you. As we all know frankston is a touchy subject for a lot of people and as a homeowner of the area there's so many different areas of frankston, from frankston nth, sth, east, karingal, central and sth frankston, where do you buy?I have to say, I love that this thread has been running for so long.. I've been able to reference stuff at the beginning and to see its still kicking on today is pretty cool!
Hubby and I have just bought for the first time in Victoria - currently renting in Caulfield - and apparently we've bought in the "worst" part of Seaford but I'm alright with that
We've got 4 properties already in WA, but home is Victoria. The draw for us was under 2km to beach and 400m ped-way to station combined with a ~940sqm block with a brick 3x1 on the front. Tenants in there at the moment, we'll move down in 6 months or so.. then sit in the house for a while to suss the suitability of the suburb to our lifestyle before deciding to build and flip on the back, or build our dream home.
So - just a shout out to say thanks for keeping up the convo over time.. being new to investing in Vic it has been invaluable to me!
Im a chisholm tafe student, and some I'll have to agree about the "we don't need an education type"A detailed analysis of education levels in the south-eastern suburbs, including Frankston and Dandenong. http://monash.edu/sustainability-institute/assets/documents/chisholminstituteoftafereport.pdf
While Greater Dandenong is more disadvantaged than Frankston, page 21 shows that education levels in Frankston (eg % completed year 12) are much lower than Dandenong.
I suspect it's because Dandenong is mostly migrants (many of whom value education), while Frankston contains many 'we don't need no education' types.
Its a huge site, that's why. Bought by a developer, I am told. Although it is public information, the self-important auctioneer refused to reveal the exact figure but said "it was just under $650,000."http://www.realestate.com.au/property-house-vic-frankston-119705471
Just been informed this sold for over 600k!!!!!! Insane!!!!!!
Plenty of Asian students at Frankston SH School. Many come from out of the area, I am told, and are responsible for the increasingly higher standards that can be seen in recent years.A detailed analysis of education levels in the south-eastern suburbs, including Frankston
That what I was told too Cassandra. That whole pocket there is excellent!!!!! Got freeway, schools, shops, 2 excellent golf courses,CBD plus power centre and beach under 5 min driveIts a huge site, that's why. Bought by a developer, I am told. Although it is public information, the self-important auctioneer refused to reveal the exact figure but said "it was just under $650,000."
I'm going with Allcover - managed to get in on the sale that ended a month ago. Ordering today.Bludger thats fantastic re tenants and rent! Onwards and upwards
Wattleido im also looking for a cheap carport option
Mine doesnt have any on site parking at the moment. Have a cross over and a driveway, planning to chuck a double carport at the end of it.
Have you got council approval for yours yet?