I find it quite interesting, several people have mentioned avoid the Pines/Frankston North. From being both a multi-investor in the "pines" estate, i feel we may have to agree to disagree based on performance, ROI and the surge in prices for the area. On average the area has increased by no less than $80k in the past 4 years i have owned there. That's $20k per year and a 6-7% ROI, i cant think of another pocket in Frankston that can compare. The people who have held onto the stigma of the area being full of "bad apples" will be disappointed they missed out on an area with serious potential both from a financial gain and from a community perspective.
If you want great value in a suburb that is only getting better then I'd be buying in Frankston North. Why? Many people still think of this suburb as it was 15 years ago. It has changed so much in that time but is still (despite the surge in prices over the past 2 years) undervalued.
It's easy to see why this suburb is actually the best place to buy. looking at a map and the median price of every suburb around Frankston North, it's nearky 100k cheaper than all of them. You'll also need to look around the area to see for what it is like as many people cannot seem to let go of its outdated reputation. It's a great little suburb with great infrastructure and easy access to the bay!
The area around Towerhill Road is great. We have noticed a lot of young families moving into this area as it affordable & renovating.