Frankston City Council is delighted with Victorian Treasurer Tim Pallas’ announcement that allows for planning and design works to commence as part of road network improvements for the Ingham Enterprises (Ingham) Somerville factory. “This is exciting news for the Frankston and Mornington Peninsula region as this is a step towards finalising the expansion of the Ingham Somerville factory” said Frankston City Council Mayor James Dooley.
Frankston South homes are trickling back onto the market as a surplus of keen buyers deliver strong prices. One home owner was left stunned at two strong offers, both just under the $1 million mark, when she inquired about listing her 24 Karina St property recently. “The house had not even been listed when the owner approached us after she heard about the sale of a neighbouring property,” Eview Group director Janice Dunn said. Ms Dunn had sold 10 Ambleside Close two streets away for $925,000 after just 10 days on the market starting on April 19.
Keen demand has made Langwarrin houses a hot commodity, with prices surging nearly 9 per cent in the first three months of the year. The semirural suburb was the top performer in the region and emerged sixth among the top 20 growth suburbs in Melbourne in the first quarter, Real Estate Institute of Victoria figures showed. Langwarrin’s median house price rose 8.8 per cent to $502,500 in the quarter to March from $462,000 the previous quarter. Twelve of the top 20 suburbs were located more than 20km from the Melbourne CBD.