Hi Dan89
I like buying Frankston for the following reasons:
- Great geo position on the bay, between the Peninsula and Melbourne
- Bordering $1m+ suburbs to the south all the way to Portsea
- Connected to the CBD by new Freeway, $50mil upgrade on train line
- Outside capital moving in within new high density zoning
- Fresh air and set along one of Victoria's cleanest beaches
- Advanced gentrification evident in the southern parts of the area
- Still has a terrbile stigma about it (which thankfully puts most of the competition off)
and most importantly:
- House prices in Frankston are currently fair relative to average Australian incomes. Considering the positives in the area this to me is very important, especially at times like today.
When the bubble bursts it will be the likes of Glen Waverley and other super inflated suburbs that will plummet from $1.5m down to their true value. Frankston currently presents great value based on Australian average wages and the positive changes happening in the area.
I like buying Frankston for the following reasons:
- Great geo position on the bay, between the Peninsula and Melbourne
- Bordering $1m+ suburbs to the south all the way to Portsea
- Connected to the CBD by new Freeway, $50mil upgrade on train line
- Outside capital moving in within new high density zoning
- Fresh air and set along one of Victoria's cleanest beaches
- Advanced gentrification evident in the southern parts of the area
- Still has a terrbile stigma about it (which thankfully puts most of the competition off)
and most importantly:
- House prices in Frankston are currently fair relative to average Australian incomes. Considering the positives in the area this to me is very important, especially at times like today.
When the bubble bursts it will be the likes of Glen Waverley and other super inflated suburbs that will plummet from $1.5m down to their true value. Frankston currently presents great value based on Australian average wages and the positive changes happening in the area.
hahah at this post... "The half million dollar suburb...and then some"..
What is half a million dollars these days when talking property.. If you want to see some post worthy sale figures go and look up some recent sales in Glen Waverley.
Goodluck with your 'Frankston gold mine suburb' nonetheless..