I am no expert but they would not be investing so much time and money into this if there were no benefit! It has been decades in the planning so there has been a lot of thought put into it. You can see this on the plans on the council website. It needs to happen to free up traffic congestion and will, fingers crossed, add land value with the growth it attracts. I have observed major structural work in the year I have lived here so I look forward to its completion.
I'm not entirely sure but I think it will actually be a good thing as it will free up Nepean highway for boulevard development as opposed to being a thoroughfare like it currently is.
VicUrban's plans for the Frankston Activity Centre (basically the Frankston CBD) include great improvements to the streetscapes including Nepean highway and I think freeing it up from traffic will allow them to create a one-lane street (something that was on the cards at one point) and the other lanes would be closed up to form a tree-lined boulevard which would have the potential to be really attractive. Of course being government it will move at a glacial pace and I'm also not confident such dramatic plans will go through but at least ensuring Frankston doesn't have to act as a thoroughfare provides for more options to develop the streetscapes. I'd love to hear form someone with more knowledge on what is actually planned as mine was through a friend who worked for VicUrban however he is no longer with them and I have no urban planning experience myself.
I think if the goverment is investing in an area, watch and wait for the growth.
The extension of the Mornington Peninsula Link through the new Mordialloc Freeway will also see a 10-15min reduction in the trip. This will make it that much easier for commuters living on the beautiful Mornington Peninsula. Mornington Council also want to extend the link to Blairgowrie to combat summer holiday congestion around Sorrento to Rye.
I believe Frankston will benefit from the Penlink freeway.
Madeline Harrington - Mt Eliza Real Estate Agent
How good is the Peninsula Link now it is up and running! We are seeing a lot more younger families looking to live on the Mornington Peninsula as it is now so accessible to the City. What a great place to bring up kids & find that work / life balance
Not only Frankston but surrounding areas like Baxter, Somerville and Langwarrin are finding the value of homes increasing. The back streets are now much quieter as people are using the link, so local trips are taking much less time. On average people are saving time by using the link.
Feedback is property owners in the Frankston area are expecting their properties to increase in value with the coming Peninsula Link. Residents are very excited about the extension improving travel times. We have a client who lives in Somerville and travels to the city for work and it takes him 1 1/2 hours! Upon completion via our appraisals on properties will let you know what exactly happens the Frankston property prices!
The Karingal part of Frankston has definitely benefitted with the bypass.Frankston central business district in my opinion suffers with it being difficult & cost to park combined with poor council planning so I avoid.Not so much because of the bypass it's issues.