affordable yachting at last!
It is nice that the marina is finally going to happen mid year 2009. One of my yachting buddies said the same thing about Frankston, which is why I am doing due diligence here. There is a lot of excitment in yachting circles about the concept of "affordable yachting" and this is what Frankston will deliver.
I called the local council before Xmas and they seemed quietly confident that things are finally coming to fruition. They seem keen for construction to start in 2009, once tenders are received. As with all infrastructure projects nowdays, project managers will face penalties if they cannot complete and deliver a finished job on time.
My wife and I are yachties and are keen to buy in Frankston for the marina alone. We are healthy, self-funded retirees and we both walk/cycle everyday to keep fit. Frankston is probably the only place where we can buy an affordable house or unit close to our boat at the proposed marina without need for a car.
We previously lived in Manly in Sydney - a seriously expensive suburb around the same distance from the city centre as Frankston. Even with the downturn in Sydney, the median price of a tacky 40 year old flat in Manly is over $700k. We were fortunate to sell our flat there at the top of the boom almost 5 years ago.
Like Dr K, we definitely want to buy and have the money set aside for this purpose. My wife and I have held back til now as the marina was our main reason for buying and now that it will happen, we are rearing to go. Frankston has a median of around $310 000 and this is eminently affordable for my wife and myself.
But we dont know what to buy other than it should be close to the marina and university (my wife wants to study part-time). We don't want to deal with hard-sell agents of the white-shoe brigade. Someone mentioned on this thread that 90% of agents don't own locally and if this is true, they are obviously after a fast buck and it makes sense not to rely on what they say.
If anyone with experience who owns locally (or plans to do so) can post impartial advice on the matter of "what to buy in frankston", I'd be happy. When we are sufficiently informed, I will start banging on agents doors.
It is nice that the marina is finally going to happen mid year 2009. One of my yachting buddies said the same thing about Frankston, which is why I am doing due diligence here. There is a lot of excitment in yachting circles about the concept of "affordable yachting" and this is what Frankston will deliver.
I called the local council before Xmas and they seemed quietly confident that things are finally coming to fruition. They seem keen for construction to start in 2009, once tenders are received. As with all infrastructure projects nowdays, project managers will face penalties if they cannot complete and deliver a finished job on time.
My wife and I are yachties and are keen to buy in Frankston for the marina alone. We are healthy, self-funded retirees and we both walk/cycle everyday to keep fit. Frankston is probably the only place where we can buy an affordable house or unit close to our boat at the proposed marina without need for a car.
We previously lived in Manly in Sydney - a seriously expensive suburb around the same distance from the city centre as Frankston. Even with the downturn in Sydney, the median price of a tacky 40 year old flat in Manly is over $700k. We were fortunate to sell our flat there at the top of the boom almost 5 years ago.
Like Dr K, we definitely want to buy and have the money set aside for this purpose. My wife and I have held back til now as the marina was our main reason for buying and now that it will happen, we are rearing to go. Frankston has a median of around $310 000 and this is eminently affordable for my wife and myself.
But we dont know what to buy other than it should be close to the marina and university (my wife wants to study part-time). We don't want to deal with hard-sell agents of the white-shoe brigade. Someone mentioned on this thread that 90% of agents don't own locally and if this is true, they are obviously after a fast buck and it makes sense not to rely on what they say.
If anyone with experience who owns locally (or plans to do so) can post impartial advice on the matter of "what to buy in frankston", I'd be happy. When we are sufficiently informed, I will start banging on agents doors.
