Forum Replies Created
Interesting looking at growth over 24 months. Frankston North seems to have outstripped surrounding areas. In my opinion it’s purely a stigma that is keeping Frankston prices lower than their true value. Sure it’s still a bit rough around the edges but as soon as it hits that tipping point (which seems to be happening) my bet is we’ll see a correction and the gap between areas such as Frankston North and Seaford will reduce significantly.
Who knows some more undervalued suburbs? ;)
Thanks. So would it not be possible for us to set up some kind of company/trust and do it in a way that would solve our serviceability issues? I don’t have much experience in this area but I ask because a former colleague of mine seemed to always be buying property with his family through a family company/trust. How do these arrangements work?
Many thanks!
I’m in the same boat as you Patricia and am also familiar with Frankston North. It is an interesting market. I note a recent sale, $413,000 (possibly yours kbrodee) that indicates the suburb has seen huge gains during the past year coming from a median price of below $300,000 just a few months back. One to watch!!!
