Where is Frankston currently on the property clock?

I know Frankston has moved $50,000 in median housing prices in the last 12 months, however I was wondering if it still worth investing there and whether it will have a few more years of solid capital growth.

I know Melbourne is near 11 - 12 o clock but do you think Frankston is now around 9 o clock?

 

Hi, worth reading this thread VIC - Broadmeadows or Frankston?

 

Hi @larrylarry - did you buy more in vic?

 

Just 1 for now. I am time poor so don't have that much time to be on the ground.

 

I think it's the same as the Casey region. These outer regions experience the least demand at all times and usually catch some little growth at the very end of their capitals cities boom. Their current demand is home owner and investors priced out of everywhere closer.

So when Melbourne peaks Frankston, Pakenham, then probably Melton grow a little.

 

According to somersoft and property chat for the last 10 years it's been at 6 o'clock at any given time.
Frankston comes up every month for the ten years I've seen these sites but I bet those who bought close to the water have done well

 

What part?

 

Not all outer regions. Regions near geelong are growing good.
There is a little growth because values are little. In%, it is considered good.

Hasn't melbourne already peaked? The outer regions are already facing growth.
Yes, the demand is first home buyers and entry level houses in outer areas.

North and south west will be my pic

 

So many nice new houses being built north in broadmeadows, cragieburn, coolaroo and surrounding suburbs.
Is investing in one of these new developments a sound investment or would it be better to buy an old place for the same price?

 

No idea! Melbourne had a huge clearance rate last week, I'd assume it's still going? Herron Todd White have called peak, but they do that all the time ( eg. Latrobe Valley/Southern Coast NSW). They also have an odd obsession with Mildura. In regards to outer south east I'm hoping it grows more right towards the end. Pakenham shot up in 2012 months after the Melbourne market slowed. Hoping a similiar trend occurs

 

Go firther out and you are talking numbers.

Regards

 

How far out north are you looking?

 

Good result for this Frankston auction last Sunday but still bloody cheap for a 4 townhouse site with approved plans.
Sold 59 Screen Street, Frankston VIC 3199 on 18 Jul 2016 for $675,000

 

Check the newer suburbs a bit further out in North. Infra alteady there. You just need to give it some time.

Regards

 

Hi proper property.
It is the most discussed suburb on here and somers oft for as another poster mentioned 10 years. I used it for my research and bought 3 in 2008/9 .
Currently going to auction this weekend with my last one having sold the the other 2 one last year p/sale and the other one a few years ago. All done really well in gains and never had a problem with rent or tenants. Its still got plenty of upside in my opinion its one of the cheapest bayside suburbs on victoria still. Has so much to offer and it not relevant how far the cbd is as its its own cbd of this area. Why would you go to melb.
Check out my latest house selling this sunday at 12.30pm 6 arabil st. Frankston.
Good luck with your next purchase wherever that may be. Gotta be in it to gain from it......

 

Ohhh... I read it was going to "suction" (before you edited your post)... I took it to be a portmanteau of sucker and auction....
Good luck with it!

 

Yes, this still applies to Frankston which probably runs 45 mins behind middle ring Melbourne.
In Candycrush terms, the wrapped candy and the striped candy aren't next to each other yet but the time will come when they align. When it does go off, Frankston will run on a different time schedue to the more boring outer areas.

 

so time poor he couldn't even make the meetup!

 

I'm ready for the next one. I want to try the fried ice cream!