My opinion may be a little tainted because I live here but i have to agree with yack on this one..

Frankston is the only bayside suburb left in Melbournse where you ban pick up homes within walking distance to the beach for under $300K

Not to mention the fact that there is sooo much development going on within the CBD and foreshore areas. These…[Read more]

Thanks to all of you who replied.

Wise council is the order of the day in these matters and I appreciate the input.

Thank you everyone for your input….

Let me answer some of your questions.

1. Rent on the unit is $110 p/week.. It does need a touch up (Paint job, Curtains ect..). Had trouble renting it out when the last tenant left (i tried to raise rent to 120 p/week). Unfortunately found myself in situation where no rent coming in, no money to improve so i…[Read more]

Thanks Kooringal,

I am hearing you loud and clear.

“Sell my mother” I wish.

The unit is – geared and i am out of pocket about $20 p/w

I will definitely try to hold on to it now and i am going to check out a broker regarding the finance.

Talking to you guys has helped me remain objective and posting here has been a great help.

Thanks for the encouragement.

OK I see that i am a Newbie but what the heck!

I am a 31 year old web developer who works in the family business which is a publishing company. We publish a trade magazine for the plastics industry called Plastics News International. http://www.plasticsnews.net

Married, No kids, very happy.

My goal is to be a good husband and hopefully one day…[Read more]

Thanks Tas,

Have been up on the roof and cant see the bay but I figure an extension may give half a meter more…believe it or not that may help…

The more i hear from you guys the more I am conviced to hold on to it.. The big question is whether or not i could sustain the extra repayment on my existing mortgage, and your advice about a broker…[Read more]

Thank you investor and hwd007 for you advice.

Taking into account both of your posts I think i need to go and have a chat to my Bank and see just how far they will let me go with borrowings (cringe).

Interesting you say that Frankston South is “Melbournes best kept secret”. I have been thinking that for the last 4 years and waiting for it to get…[Read more]

My home – $170,000
Investment – $85,000

Both homes are in south/central frankston, frankston hight schools zone. Unit is close to beauty park.