Hi mate,

Just to add my opinion I would be looking more out towards langwarrin, its closer to the monash and its not in Frankston. I grew up in Frankston and thought it was a good place but it always has that stigma about it, everyone knows it for what it used to apparently be like so thats why I would go for Langwarrin. Mornington is nice but value for money, your still buying a unit for the same money as a house in Langwarrin. Im currently in Mount Eliza and love it there but as investments in starting to look more into Langwarrin.
Pick up a house and land as cheap as you can there that might need a bit of TLC and you will do well out of it i think mate, good luck laurie