Would anyone consider buying a property in Frankston for capital growth? With the new freeway coming soon, Frankston looks like a slightly untapped market, does anyone agree with this?
I am looking at getting my first investment property soon and traditionally I have been looking at suburbs Richmond, Prahran, Elwood but now starting to think Frankston maybe a good opportunity? Anyone agree/disagree?
All opinions are welcome
I am pro – frankston. I do own a few properties there and my family live in the area. I live closer to the city.
Do a search on Frankston and you will find a few other threads with my comments.
Why I like Frankston.
1. On the beach – under used asset.
2. Marina looks like going ahead.
3. Bulk stores being built eg. white goods stores. You used to have to go to Dandenong for fridges etc.
4. Gateway to peninsula
5. Heaps better than Dandenong
6. Grollo and the guy who own Chadstone are pumping big money into cbd eg. shopping centres
7. The 2030 strategy is allowing high rise in cbd. ie CAD – central activites district.
8. Freeway as you say.
9. Its like a city on its ownThe best area to buy is sth frankston.
Hi Rob, Hubby and i looked at ‘Franga’ as the locals call it earlier this year but we found the prices were inflated due to what was ‘going’ to happen. We have since found another area that we feel has similar potential and has not yet blown sky high are trying to buy up big.
North Franga is where the bargins are but the place looks like a tip, they really have to get a bit of pride in themselves..
Also they are the only municipality that charge for bloody parking in their shopping centre. With the amount of retail therapy i need it’s costing me a small fortuneHi RobAde,
Couldn’t resist your post; please feel free to email or PM me direct and I will gladly send you info on Frankston, as well as Mornington Penn.
I have been researching Frankston for many many months, and may be able to answer some of your questions, along with the invaluable information that has been offered already in here by those people who live and/or work in the area. People such as Yack (above) and/or Richmond would be ideal people to ask; as they know these areas from first-hand experience, and they’re lovely people to boot!!
Cheers,
Jo
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