Here are some pics of approved developments in Frankston, including Southeast Waters gleaming new office which will house several thousand employees and contractors. Clearly, the area is advancing and real money is pouring in. Looks more yuppie than bogan to me.
As an aside, St Kilda Football Club is now next door in Seaford.......no shortage of people wanting to move into the warm embrace of the Frankston City Council.
Tranquilo seems to have the right idea about buying low-end property in Karingal. The cheap end is still very affordable. Plenty of good value to be found.
FCC is pretty generous to developers, particularly those seeking to make change in the worst parts of Frankston. I am told that in the last 18 months, FCC has approved every single Development Application in dumpy areas like North Frankston. That sounds pretty positive to me.
Take a look at some of the approved buildings below. To be fair though, buying a glitzy apartment in Frankston is unlikely to be a stellar investment as they will be selling for premium prices and may have limited capital gain. IMHO paying too much for a brand spanking new apartment is rarely an outstanding investment. In all likelihood, IMHO the cheapest quartile of Frankston property will outperform the top-end of the market. Whoops for those who may call me a spruiker, here I am telling people not to overpay in Frankston.
You must be seriously heavily invested in frankston