I do agree it has been a slow performer & I could have done bettr investng elsewere but with a smaller budget frankton is the no brainer place to invest, but fact is the surge has already started over the past year, my little property 2bdr 575sq block has risen from 180k to 250k over the past 2years with most of the gain coming in the past year.
its common sense the freeway will bring more pople into frankston & in half the time & your asking for a reason why its rerating or will continue to rerate???
beach/freeway/possible marina/fast growing area - mid 200's in some parts still cheap
Best option is to look for a house around fotescue avenue frankston/seaford, price varies around 350k-400k on a 650sq-800sq block perfect fr subdivision, only a few streets back from each & very close to central frankston,this is the type of property imo you will see surge over coming years to 600-700k mark
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