So what areas in Frankston should be avoided when looking to buy??
8 Answers
I agree! I had the same bad impression of Frankston North. We ended up buying in Franks ton Nth near the border with through golf course. Couldn't be happier! It continues to get better every year. More and more great families relocating from other areas in Melbourne. Take a weekend to explore the area. It's a great suburb and only getting better!
I love the whole of Frankston, I would not avoid any part. Buy according to affordability, drive around and buy what's right for you. Frankston is a major city on the bay with Chisholm, Monash Uni, major hospitals Private and public), major recreational and Arts Centre and numerous events throughout the year that take place on the foreshore and at the gateway to the Peninsula, major golf courses and wineries, not to mention numerous other recreational centres and activities. I grew up in Doncaster and have never looked back. Absolutely love Frankston and have been investing here for over 10 years.
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 You'll also need to look around the area to see for what it is like as many people cannot seem to let go of its outdated reputation.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.
I live in Frankston North. Best decision I have made. Newcomers like me who are fixing our properties are quickly pushing all the "bad eggs" out. We have fantastic amenities, and the council/state government has started spending a lot of money on bit projects in the area. I think you need to get in quick if you haven't already as prices are rising here!
Karingal is one of the best middle class suburbs in Melbourne!! It has great shopping center and food court, 5 minutes to beach, coles very close too, awesome parks and schools, kindergarden, cinema, Nando, cheap $2 shop etc. It's old people living area which is great for those who want quite location. It's perfect, I've been living here since I was 27, I am 35 now and I am loving it !!!
I am a teacher who has lived in Karingal since 2008 around Alexander Crescent area. My neighbour in the same Court was another teacher, lovely family. Another neighbour right next to me was an ex-school principal. Another neighbour right across is a nurse. Another neighbour a retired lady, ex professional musician. We find this area quite and very safe.
It's worth having a drive around Frankston North as I once held the same opinion as you but it has improved so much in the past 10 years. It's quickly becoming a nice little suburb with some streets totally unrecognizable from the Frankston North of 10 years ago. I was extremely impressed by the progress made in this area as I do remember how it was. The majority Frankston North is now family friendly and safe. Another year or two and this suburb will really be a place where people wish they would have bought while it was so undervalued. Not the rough place it once was! In my opinion a very nice suburb.