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VIC Gentrification possible?: frankston, ambassador

Discussion in 'Where to Buy' started by TMNT, 7th Mar, 2016.

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  1. TMNT

    TMNT Well-Known Member

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  2. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    I looked at the complex in 2010.... glad I didn't buy there. I wouldn't touch it with a 10 foot pole.
    Best thing to do would be to knock it down and start afresh but to try to get all owners on the same page would be impossible.
     
  3. melbpropinv

    melbpropinv Member

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    I saw that article on news.com too, there are too many units in the complex (previously motel) and the place will need renovation. The main issue is quality tenants will not live there. The appeal and history of the place will affect resale value.