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  • Local Expert 46 points
  • Review 1
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Reviews

5/5 rating details
  • Neighbourly Spirit 5/5
  • Peace & Quiet 5/5
  • Parks & Recreation 5/5
  • Shopping Options 5/5
  • Gym & Fitness 5/5
  • Lack of Traffic 4/5
  • Parking 5/5
  • Cost of Living 5/5
  • Resale or Rental Value 5/5
  • Public Transport 5/5
  • Schools 5/5
  • Childcare 5/5
Just now

"An undervalued Investor's paradise"

I purchased three homes in Frankston North around ten years ago after a tip off from an informed property investor / real estate agent.

The properties have increased in value from approx $45,000 to around $250,000... (five times their value in 10 years!). This is an outstanding result, and capital growth in this area has far outstripped the growth rate of Melbourne as a whole.

The suburb has undergone steady gentrification, with large numbers of public housing stock being sold off to private owners. The government is still selling off their properties in the area, which is further accelerating the gentrification process. As a result, many of the problems previously associated with public housing estates have disappeared. The area has changed into a respectable, quiet suburban community... a hidden gem, rich in facilities, close to the beach, and easy reach to freeways, abundant public transport, schools, parks, shops, and right on the doorstep to Mornington Peninsular.

It is an area which is still misunderstood by many, a hangover from a long distant past. It is a suburb which is still significantly undervalued by the market...

Clever investors, and home buyers have realized this distortion and profited greatly from the Frankston North "myth".

Many properties in Frankston North are advantaged by large blocks of land (average size around 600 square meters), and an increasing number of properties are being redeveloped by builders, and property investors, who are subdividing and building medium density units, and townhouses.

This "sleeper" suburb is set to boom in price as the market at large realize the remarkable transformation that Frankston North has undergone.
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