Renovation tax depreciation
Gained value after renovation
High LVR loan
Percentage of the property purchase price
Additional benefits for property purchases
below market price
down payment only
days renovation prior to settlement
Main age group
Number of bedrooms
Number of cars
Frankston High School
27th in VCE Public School Ranking
Middle-aged married couples account for the majority of property buyers in Frankston, and a 3-bedroom house with a parking space is the most popular choice. For purchase of houses in Frankston for renovation investment, the overall design needs to match local demand.
Frankston has a top-ranked public high school. Housing prices and rental incomes in the school district are higher than in other parts of this suburb.
Get an in-depth analysis of historical housing price trends and current market dynamics in Frankston to ensure that the property is purchased at the best price, and accurately predict the secondary sale price or rental income after renovation.
Prior to purchase, make sure that the property is free of any major structural defects and other hidden damage. If there are problems, negotiate a better price with the vendor.