News

Three years to 38 per cent price jump for Frankston South property highlights demand for suburb

A Frankston South home has experienced a price jump of $385,000, or 38 per cent, to $1.405 million in under three years. The five-bedroom house at 6 Armagh Rd last changed hands in 2013 for $1.02 million. Other homes in the suburb have also experienced recent sales hikes and have experienced swifter sales due to a shortage of listings in the region, according to Eview Group’s Janice Dunn. The Armagh Rd property took 26 days to sell, compared with 73 days in 2013, and attracted an offer from a Richmond family. The 3610sq m block cannot be subdivided but the house was described by Ms Dunn...

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Homes zoned for Melbourne’s most sought-after public schools fetching up to $600k more

Homes zoned for Melbourne’s most sought-after public schools are fetching up to $600,000 more than those just outside catchment areas, new research shows. Real Estate Institute of Victoria data reveals parents are paying the biggest property premium to get their kids into Parkville’s University High School. Homes inside the boundary fetched a median price of $1.395 million in the year to March 31 — $596,000 higher than the median for properties in a 1km radius outside it.

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Council seeks support to stimulate new business

Frankston City Council and the business community are calling on local election candidates to commit $5 million towards a start-up facility to foster local innovation and create new jobs and business ideas for the region. Speaking at ‘Tech Day By the Bay’, a technology seminar hosted by Frankston tech company Vertical Matters and attended by over 70 local businesses, Frankston City Mayor Cr James Dooley said Council is seeking to establish a start-up business incubator for the community.

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