Just a question to those people who are interested to answer...
i am looking for frankton atm the moment, in particular frankston south.
is this a correct time to buy ? (or would there be such a thing as a correct time ?)
i have seen prices on average frankston have gone up to around 310k, karingal is catching up to about 290k, and south frankton is 380k to 400k mark (all talking about 3 bedder), and in the golden triangle area (hill area, seperated by morooduc highway).
i am thinking how if south is around 400k now, could it more in the future ? (CG ??) or should just buy in the average frankston, and will be seeing a greater return ? (90k more of mortage).
obviously this is for investment, and will like to hold it for long time (approx 10 years).
any suggestion ?
thx
Going by what Harris and others have reported, all parts of Frankston are doing really well and are expected to continue to do so. I really don't think it matters where you buy in Frankston and particularly considering it is a long term investment.
There is never a right time to invest, particularly when it's a long term investment. Getting in is half the battle. Look for affordability. I have noticed over the years that I have invested in Frankston that it's been the cheaper properties that have attracted the highest gains.
I was told many years ago by a very wealthy person who lived and worked in frankston - "bread and butter properties". This was how he made his money in frankston, well before people started to even look here. People can always aford the cheaper properties, but they can't always aford the more expensive ones.
If your budget permits, Frankston South will always do well because of its proximity to beach, tspt, shop and High School, but the whole of Frankston is doing well and is expected to continue to do so.
Toni