VIC Frankston the place to be

With more and more news of the development happening in Frankston..Jubilee Park...Frankston Hospital...Horizon...etc..etc.....is Frankston now the place to be??

 

Also Marriott being built on Davey St. The plans look very impressive. I just hope the council don't screw it up.

 

Yes and then there are talks of the Leawarra station being developed and the line being extended to Baxter in the distant future it might be good for Frankston...Not sure whats happening on the development of the Bayside mall..

 

Hi Simon, thats great ..By when do you think that is going to get finalised?

 

bayside mall has had so much money thrown at it for so many years!

 

So you mean its long overdue...
Any hope it happens any time sooner than later?
How is the area around the home center?

 

well with kris bolam in charge it wont be happening anytime soon, his qoute was "the cbd is flogging a dead horse"

around the power centre yeah its good!

 

Oh so that tells it all..it may not happen at all then...
Thanks for confirming that the areas around the power centre is good...looking at long term prospects...5 to 8 years window Sauber

 

But yea keen to see the changing face of Frankston to a beautiful swan shaking away all its negative connotations it has been getting over the years....takes time..but i feel it is on the anvil of a transition....

 

it will, it has changed so much and for the better!!!!

yeah i beleive kris has said to me multiple times that the cbd has had millions spent on it and sick of wasting it there. hence why things like karingal hub extension had been built. noone wants to pay 1.50 for parking in frankston LOL!!!

 

Lol fair enough...it should be free atleast for 2-3 hours and then have some payment...to weed out people parking it while using the station and surrounding areas....lol..dont know if we will get to see that....is there any talk about the spotlight group..development of leawarra?

 

The electrification to Baxter is now effectively off the table. Productivity commission has recommended improved bus service only. The Spotlight Groups plans really hinged on that development, and even more importantly it was a plan that was never well fleshed out anyway. It was always just a concept, never an actual plan.

 

Looks like the prices for Frankston have gone up in the last couple of months...and is now stagnating...

Any views on the same?

 

In all the articles..the price is there in mornington and brighton...why is frankston neglected?

 

From what I can tell, property prices continue to strengthen in Frankston beyond belief. They've gone up so much, that I'm very tempted to sell my IP there. But the fundamentals of the area are making me hold on for further gains down the track.

 

The fundamentals do seem very strong for the area, even far flung places are fetching high prices...frankston is under valued for the location and the infrastructure it already has...

 

I've been looking at sales in Seaford and there still seems to be strong results coming through. Harris will be able to give us a solid update in a couple of weeks.

 

seaford will always be a higher value than frankston, it has always been this way...

 

You may be right. I am just saying that some recent sales indicate the area is still seeing growth.

 

There seems to be a stagnation of prices coming now in Frankston, is that a fact or just my perception?