Frankston North lures buyers with low prices and a seaside location

The battler suburb of Frankston North is proving a hit with first-home buyers and investors drawn by the beach side location and affordable prices. It saw a substantial spike in the number of house sales in 2015, rising 35 per cent to 142 sales over 2014’s total of 105. The demand driving this also rewarded homeowners with a 10.9 per cent rise in median prices across last year to $297,500. There was a further rise from December to January, with the median price in the area lifting to $305,611. Despite this the suburb remains home to Melbourne’s fifth most affordable median house value...

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First-home buyers active in Frankston as renovation adds $150,000 to house price in six months

A snappy renovation has added $150,000 to the price of a Frankston house in the space of six months. A renovator reaped the impressive windfall when the price of 28 Mincha St, Frankston jumped from $460,000 when last sold in October last year, to $610,000 at auction on April 9. The sale marked an almost 33 per cent lift in the price of the house. A first-home buyer from Sandhurst won the keys at just above the reserve price, according to Hocking Stuart director Adrian Foster. The agency also sold 13 Winifred St for well above its reserve. It changed hands at $621,000 and had seven ...

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Frankston rental properties in demand, as the City tops web search lists

Domain Group data published this month reveals that Frankston City’s rental market is bursting at the seams, with local properties some of the hardest to secure in Melbourne. According to Frankston City Mayor James Dooley, the report shows that Frankston City and the City of Maroondah both share the lowest rental vacancy rates in Greater Melbourne, of only 1.1 percent. “Across Melbourne, the average vacancy rate for rental properties was recorded at 1.6 per cent in February – and demand for tenancies are even greater within our City,” said the Mayor... ..

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