Where do extremely rich people live? With the models and bottles?
Extremely rich people don't play with models and bottles. Only factory slaves wearing suits working til 2am trying to put a presentation together do.
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Where do extremely rich people live? With the models and bottles?
Extremely rich people don't play with models and bottles. Only factory slaves wearing suits working til 2am trying to put a presentation together do.
Clearly you haven't spent enough time visiting Frankston. Best beaches in Melbourne, capital of the Mornington Peninsula, train line, uni, TAFE, large shopping centre, great cycling routes to city along Beach Rd or Bay Trail, great new freeway access (and soon to be bypass), potential marina development.
As I see it, the stigma with the name is the only thing keeping it affordable. Robberies, violence, police call outs etc...have dropped sharply since 2006. Of the times i've spent in Frankston (including eating out) i have never felt unsafe or encountered any antisocial behaviour.
There are outer suburbs of Melbourne i wouldn't visit in a bullet proof vest. Frankston is one I gladly visit in thongs and boardies.
I'm not sure why holding land in Tarneit is good. Yes, you say you've gained $60k on paper in 8 months, not including holding costs. But you go on to say 2 - 3 year old properties are selling for $100k less than cost. These properties will have also had the increase in value of land. So despite that, they are selling below the cost to buy land and build!
Well the way I see it... if you build house on the land and want to sell it in 2 - 3 years, you will be selling at a loss, regardless of the slight increase in the value of the land. Doesnt sound like a great idea to me.
People out there are willing to pay for a block of land so they can build their OWN idea of what they want. Pre-existing properties are undesirable because the people buying out there dont want someone else's property. Why buy someone else's design, when you can go 50m down the road and build your own.
A suburb with high proportion of renters is favourable because even in a recession you can always find a tenant.