Hayley Weston, of Ray White Frankston, said properties in the area were leasing quite quickly, and tenants sometimes offered a few months’ rent in advance to get ahead of the competition. Frankston is highly sought because it is well serviced by public transport and arterials, including the EastLink and Peninsula Link.
Frankston City Council has been one of several councils to have heavily advocated for the 50-year compensation clause to be removed from the Victorian Government’s Port of Melbourne sale, which will be tabled at Parliament this week. According to Frankston City Mayor James Dooley, the amended bill being taken to Parliament still allows for the expansion of the Port of Hastings, which will be a key economic driver in south east Melbourne.
Buyer demand boosts
Attractive prices, infrastructure upgrades and access to the beach and quality schools are some features attracting families, first-home buyers, investors and downsizers, agents say. With a median house price of $390,000, the area has come under the focus of buyers in recent years.