Dear All,
I have been to a few renowned and establised property investment company recently. They all reckon that properties at Frankston areas will never double in 10 years time. Beside, the local have the same feeling. I am kind of disappointed naturally as I bought my IPs there this years.
If Frankston does double in 10 years time then those properties at CBD or within 5 KM of Mel or Mel blue chip area will reach 2 or 3 million.
Say for example, a standard size land+house of 400K at Frankston South Area compare with same capital investment of 2 bedroom unit/apt @ 400K at much much closer to Mel city. The latter will double in 10 years compare to 400K at Frankston investment.
How do you feel about this ? Appreciate Mel investor or local feedback and sharing.
Cheers !
I have been to a few renowned and establised property investment company recently. They all reckon that properties at Frankston areas will never double in 10 years time. Beside, the local have the same feeling. I am kind of disappointed naturally as I bought my IPs there this years.
If Frankston does double in 10 years time then those properties at CBD or within 5 KM of Mel or Mel blue chip area will reach 2 or 3 million.
Say for example, a standard size land+house of 400K at Frankston South Area compare with same capital investment of 2 bedroom unit/apt @ 400K at much much closer to Mel city. The latter will double in 10 years compare to 400K at Frankston investment.
How do you feel about this ? Appreciate Mel investor or local feedback and sharing.
Cheers !