Frankston is always on everybody’s radar I feel, if you can find a good deal there I think id choose it over Werribee, but then if you can find a better deal in Werribee, I’d go with where ever will give you the best return.

I would be calling up or dropping in to some local agents in the areas you’re looking in and having a chat with them, they are the area experts and can give great insights.

If I were you I would write up a deal profile and list everything you want in a property (eg as close to positive cash flow, growth area, needing a facelift) and then hand that to the agents, get them working and hunting for you.

What is your investing strategy Jonesy? Are you an income investor or a growth investor?

If you are wanting an income (positive cash flow) from your properties then you would have to weigh up what return you would get from the two duplexes, if the numbers don’t quite stack up and you’re left with a lazy investment you would be better to sell and redeploy into another deal that will get you a better return.

If you’re a growth investor and are in a good market, then why not put a tenant in and then sell up in 3 or 4 years or however long you feel you need to hold the property for.

As long as you are getting the returns vs how much you can make doing a quick Reno and selling on, I would lean to whatever makes you the most money in the least amount of time for the least amount of risk and aggravation.