Victoria’s property hotspots

Frankston and Dandenong lead the pack in property hotspots in Victoria, according to WBP Property chief executive Greville Pabst.

While Dandenong has received a $290 million government infrastructure commitment, Frankston will be boosted by Eastlink, Australia’s biggest road project, as well as a major foreshore development.

Trevor McCann of Century 21 Wilson Pride (Frankston) says, “If an investor is looking for the best suburbs for growth, Frankston is definitely a serious contender.”

Only 31 kilometres from Melbourne CBD and well connected by public transport, Dandenong is also well positioned for a boom – economically and geographically, according to Doriano Del Monaco of Century 21.

He says, “I can understand why this area is still experiencing a positive real estate environment. Dandenong offers a great environment to live in, it has great public transport and road infrastructure, and accessibility to the CBD is good.”

To find out how property prices have performed in these two areas over the past 12 months and 10 years, and also what the rental returns are like, turn to the Market Watch section of Australian Property Investor magazine.