Frankston in general has had a great 12 months, but frankston is a big suburb,
there are multiple markets down here, you can have an old 1br flat that will go
for under 300k a few doors away from a cliff rd property that will go for 3mill.
You have frankston north, called the pines, there is frankston central nearer
the station, you have karingal and theres frankston south and lots in between.
Frankston has a bad name, but as I said it has multiple markets, one side
of humpries road is frankston south and the other side is mt eliza, does the
suburbs name make one side of the road better than the other, you think you
might save a couple of hundred thou buying the frankston south side....nuh
The frankston side is generally dearer than the mt eliza side, (there are a few
good reasons for this).
Its funny, I cant see value down here anymore, say a 60's 2br flat in average
condition on kars st, will sell for 300k, now pretty much the same thing up
towards murrumbeena/carnegie will go for around 400k, whereas the land
component on the price will be a lot higher in those middle suburbs.
Frankston is transforming, we have a new aquatic centre, the station is being
completely upgraded, but it will still take quite some time to take the mocci's out
of frankston
cheers
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