Frankston

Pace Development Group has started 2022 with a foothold at the Mornington Peninsula&rsquo;s gateway, after the developer purchased a mixed-use site in the rapidly evolving City of Frankston for $16 million.

The 3274 sqm beachside site, located at 438-444 Nepean Hwy, was previously the location of Frankston Cinemas before becoming a vacant land parcel ripe for redevelopment.

Its current owner, a private Melbourne developer, had held the site for two years before negotiating its sale to Pace in an off-market deal.

Pace will plan around 200 apartments, with a high level of&nbsp;amenity, including an infinity pool overlooking the bay,&nbsp;and ground floor retail.

Shane Wilkinson, Managing Director of Pace Development Group, said he has had his sights set on development opportunities within the Bayside locale for some time.

&ldquo;I&rsquo;ve always had a clear mandate to be ahead of the curve when it comes to choosing up-and-coming locations across Melbourne, and offering purchasers a lifestyle in those areas that is synonymous with the Pace standard,&rdquo;&nbsp;Wilkinson said.

&ldquo;What makes this site particularly exciting is the magnificent backdrop of Port Philip Bay which will offer the majority of apartments uninterrupted water views.

&ldquo;We are currently working through early concepting of a U-shaped building that will allow the maximum number of apartments to enjoy panoramic views of the bay.

&ldquo;Our design brief emphasises Pace&rsquo;s commitment to developing buildings that are truly iconic and timeless in their architectural language.&rdquo;

Ashley Bramich, Sales and Marketing Director at Pace, said Frankston had already benefitted from strong price growth in the last year, yet its ability to cater to a discerning downsizer market has been capped until now.

&ldquo;Downsizers across the Peninsula have had very limited off-the-plan opportunities that come close to their expectations on quality and location,&rdquo;&nbsp;Bramich said.

&ldquo;With the Peninsula&rsquo;s extraordinary price growth of 20% being driven by younger sea-changers, empty-nesters couldn&rsquo;t be in a more advantageous position to sell their sprawling family properties and downsize.

&ldquo;Our vision is to create a project that meets the needs of Peninsula downsizers by focusing on larger two- and three-bedroom apartments and high-end facilities like an infinity pool looking out to a water aspect, and extensive health and wellbeing amenities.

&ldquo;Frankston offers the best of a Bayside and Peninsula lifestyle, yet being only 45 minutes from Melbourne&rsquo;s CBD allows for great connectivity for working commuters.

&ldquo;We believe the Frankston and Mornington Peninsula apartment market is limited from a planning perspective and significantly undervalued. Developments with water views in Sydney, Perth and Brisbane are all selling at significant premiums to what has been achieved in comparable locations in Melbourne.

The developer is currently in consultation with two architectural firms to refine its scheme, aiming to commence the planning process shortly in order to launch an early sales campaign in 2023

Pace will plan around 200 apartments, with a high level of amenity, including an infinity pool overlooking the bay, and ground floor retail.

Joel Robinson

Pace set for Frankston, Mornington Peninsula apartment development

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Busker turned Aria Award winner Tones and I has bought a house in Frankston.
Tones, born Toni Watson, who recently topped music charts across 30 countries with megahit 'Dance Monkey', has nabbed a house in the Lakewood Estate.
She reportedly paid around $800,000.
<img src="https://www.urban.com.au/images/2020/1/22/1_TT_Frankston%20Pier.jpeg" alt="">
Frankston Foreshore and Pier. Source: <a href="https://www.visitmorningtonpeninsula.org/PlacesToGo/Walks/AllWalks/tabid/399/View/5b025d2191da27d630bec0e4/Frankston-Foreshore-and-Pier-Walk/Default.aspx" target="_blank">Mornington Peninsula</a>. 
The purchase suits the chart topper who grew up in Mount Martha on Mornington Peninsula and famously lived out of her van and in a hostel rent-free. 
Tones set a historic record as the longest-running #1 on the ARIA Singles Chart. It is now the 24th week.
<img src="https://www.urban.com.au/images/2020/1/22/1_TT_FB.jpeg" alt="">
#VanLife. Source: Tones And I Facebook.
The artist's buyer's advocate reportedly recommended she buy in her home area of Mornington Peninsula, but she opted for Frankston instead. 
A local real estate agent told the local paper that the Tones and I's purchase was "a vote of confidence for Frankston as a suburb that is safe and family friendly, and gaining in popularity." 
O'Brien Frankston agent Andrew Milne noted that properties in Lakewood Estate have given their owners "better capital growth and also easy access to the city via the Peninsula Link".
Main Photo: <a href="https://www.tonesandi.com" target="_blank">© COPYRIGHT 2019 ELEKTRA RECORDS</a>
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firstname1-iYD4UYzvBa

Aria-awards winner Tones and I buys house in Frankston

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After roughly five years of consistent growth, house values in Melbourne’s suburb of Frankston have seen a substantial downturn over the past 12-months that has affected both houses and units.

With a median house value in 2009 of $300,000, houses reached their peak value in mid-2018 when the median value hit $620,000.

In the past twelve months the median price has dropped too $563,500, representing a 12-month fall of $56,500.

<img alt="" src="https://www.urban.com.au/images/2019/10/18/frankston%202.png">

Similarly, units have experienced a sharp drop in value since the middle of last year.

Peaking at a median of $440,000 in 2018, the value of units dropped to $402,000 representing a 12-month fall of $37,500.

Despite the recent downturn, the median value of units in 2009 was just $202,000.

<img alt="" src="https://www.urban.com.au/images/2019/10/18/frankston%201%20units.png">

The first formal land sale in the region was conducted on the 29 May, 1854.

The 500-metre Frankston Pier is a local landmark of the suburb. Originally built in 1857, it has been both extended as well as repaired a number of times over the years.

[smartcode_project:default project_id=22699]

To learn all you need to know about Frankston, from median asking rents to household composition, <a href="https://www.urban.com.au/news/10484-frankston-vic" target="_blank">click here</a>.

As a landlord it is important to check the asking rent trend regularly to ensure you are getting the most value out of your investment.
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wdavis-8cCN98p7xp

How is Melbourne's seaside suburb of Frankston faring in the current property market?

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A mansion on the Mornington Peninsula that was home to the former governor of Victoria, Sir Dallas Brooks, has been listed for sale.
The sprawling Frankston home has seven bedrooms and three living areas.
Ray White Frankston agent Callum MacPherson advises the home is in need of renovation, but is also offering it as a development site given its planning permit for 15 three bedroom townhouses in place.
It is being offered in conjunction with Mick Whelan at McLennan Real Estate.
MacPherson calls it a "one-off property".
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/29/frank%202.jpg" alt="">
He has a guide of $2.45 million to $2,659,000 for the July 13 auction of the large 7,230 sqaure metre Crathie Court parcel.
The English-born Brooks was in the navy, serving at Gallipoli, before rising through the ranks.
Brooks, who died in 1966, succeeded Sir Winston Duncan as governor of Victoria in 1949.
He retired to Frankston as Victoria's longest-serving governor in 1963 with wife Muriel, who sold in 1973.
This article first appeared in The Weekend Australian. 
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Former Victorian governor's sprawling Frankston mansion with development approval listed 

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Over the course of its tenure, a university building is required to withstand a great deal of wear and tear. With this in mind, Monash University has embarked on a <a href="https://www.urban.com.au/news/monash-university-refreshes-its-20-year-campus-master-plans">20-year construction project</a> – with state-of-the-art new buildings designed for longevity, world-class campus amenity and net zero carbon emission.

Monash Peninsula’s Jackson Clements Burrows-designed <a href="https://www.urban.com.au/projects/peninsula-student-accommodation-bloom-street-frankston">student accommodation</a> utilises Cross-laminated timber (CLT) imported from Italy. CLT is a cost-effective material which is hard-wearing and requires significantly less labour than regular construction materials such as steel or concrete and is estimated to halve embodied carbon in the building as opposed to a concrete structure.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/monashpeninsula_handover_017_a3.jpg" rel="gallery-all" title="Interior use of cross-laminated timber. Credit: Jackson Clements Burrows"><img alt="" class="image-article-full-width-580px" height="393" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/monashpeninsula_handover_017_a3.jpg?itok=PRbgv5lv" title="Interior use of cross-laminated timber. Credit: Jackson Clements Burrows" width="580"></a>

<figcaption>Interior use of cross-laminated timber. Credit: Jackson Clements Burrows</figcaption></figure><blockquote>
"We are thrilled with the innovative building and architectural technologies that are being applied to the student Halls of Residence at the Peninsula campus. The design and build processes have been accompanied by a determination to get every detail correct for the Peninsula Campus to have a landmark architectural initiative with unparalleled sustainability goals."

- Professor David Copolov, Pro Vice-Chancellor at Monash University
</blockquote>

Multiplex began construction in March last year, and within 12 months the building was completed and now features 150 single-occupancy units across six levels, including communal kitchens and games rooms for student use. Multiplex has extensive experience constructing progressive student accommodation and a long partnership with Monash University – completing their $145 million student accommodation precinct in 2016, the new $206 million Learning and Teaching Building and recently the $81 million <a href="https://www.urban.com.au/buildings/learning--teaching-building-1-wellington-road-clayton">Biomedical Learning and Teaching Building</a> in Clayton.

<blockquote>
"We are thrilled to deliver this innovative student accommodation and continue our collaboration with Monash University. Student accommodation combines our skills in delivering quality residential developments with our experience in working in busy, live education environments.”

- Graham Cottam, Regional Managing Director Multiplex Victoria
</blockquote>

ESD consultants were employed to ensure the building reached a world-recognised Passivhaus sustainable building certification. The Passivhaus certification focuses on health and performance-based buildings to ensure resident comfort, as well as maintaining ultra-low energy use. The reduction of energy cost also makes the accommodation option more financially viable for students.

Other sustainability measures taken include the installation of solar panels which line the building’s roof, rainwater harvesting systems and the creation of a dry creek bed to manage stormwater flows and to connect the natural waterways of the campus.

The design is entirely electric, which again is in line with the University’s net zero carbon emission strategy.

Monash Peninsula's vision:

<blockquote>
“Peninsula campus will evolve as a vibrant ‘hillside’ university town, defined by the unique relationship between its compelling native landscape and topography, and its world-leading, next generation learning environments. 

Monash Peninsula will continue to be an industry leader in education and research, with a focus on Allied Health. The campus will build strong partnerships with the Hospital precinct and positive connections with the wider Frankston community. 

Easily accessed by public transport, the campus will support a diverse student population, day and night, and become a unique educational and cultural destination for the surrounding regions and the greater Monash family of campuses. Urban resilience and adaptability are core principles of the Masterplan, demonstrating the University’s commitment to sustainability and net zero emissions.”
</blockquote>

Learn more about the <a href="https://www.urban.com.au/news/monash-university-refreshes-its-20-year-campus-master-plans">Monash Masterplan</a>.
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Olivia Round

Monash Peninsula opens Passivhaus-accredited student housing

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A historic Frankston residence set across a 1153 square metre holding has been sold. 
It was sold at an undisclosed price, having been listed with a $800,000 to $880,000 price guidance.
The house situated at<a href="https://www.realestate.com.au/sold/property-house-vic-frankston-129031254" target="_blank"> 2 Cricklewood Avenue, Frankston </a>comes with three bedrooms, open plan living/dining zone, lounge and study. 
It came with a silo that was used to store wheat 130 years ago.
The rooms are connected by a spiral staircase from a sailing ship that wrecked off the coast of Frankston.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/21/mount%20martha%202.jpg" alt="">
Other features include in-ground pool, stain glass windows, decorative woodwork and fireplace. 
It is within moments to Bayside Shopping Centre, Frankston Train Station and East Link.
The suburb's median house price sits at<a href="https://www.urban.com.au/expert-insights/finance/10484-frankston-vic" target="_blank"> $620,000</a>, according to CoreLogic
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/21/frankston%202.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Historic Frankston residence with former wheat silo sold 

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<h2>Comment</h2>

Elections are fun, the posturing in the lead up to them is not, especially when another level of government gets involved.

For those from outside Victoria, the Frankston railway line on Melbourne's metropolitan rail network runs through a series of marginal seats in the Victorian Parliament and at the end of the line, the Federal seat of Dunkley is one of the Commonwealth Government's most marginal seats.

In an era when federal government population policies are keeping the immigration taps open and Melbourne is attracting a big percentage of them, there are pressures right across the metropolitan area with vacancy rates in the vast swathes of new apartments that have been completed in the past 12-24 months are down and the large numbers of people moving to the fringe as well.

In short, the fringe areas which are seeing the growth are in Melbourne's south-east (beyond Dandenong), Melbourne's north (beyond Craigieburn and Epping) and Melbourne's west and south-west (between Werribee and Deer Park). The Frankston line, and for the most part all the marginal state parliament seats, are hemmed in by green wedges inland to the east and Port Phillip Bay to the west.

The only way suburbs dotted along the Frankston railway line will help shoulder the burden of Melbourne's increasing population is through brownfields development - utilising general and residential growth zones as well as any mixed-use commercial zones in existing areas to increase dwelling, and therefore population, density.

The thing is, the bayside corridor - in political terms often referred to as the 'Sandbelt' - hasn't got all that much in the development pipeline compared to the eastern corridor along the Belgrave and Lilydale lines (this rail corridor is in the same corridor as Frankston: no more greenfields) nor the west in general.

The last Victorian election saw the area swing to the ALP and help deliver the current state government and naturally it'll be a battlefield once again because the margins are still small.

Frankston is quite a long distance from the CBD and there are plans, at least from 2013, to extend the electrification of the Frankston line to Baxter, inland, and south-east of Frankston. But much like the slither of developed land between the bay and the south-east green wedge, there's not a lot of scope for Baxter to shoulder the same burden that other regions of Melbourne's metropolitan are destined to do.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/b_carrum_ground_activation_3508x2480_v02.jpg" rel="gallery-all" title="Station Street in Carrum will be grade separated - image: Level Crossing Removal Authority"><img alt="" class="image-article-full-width-580px" height="410" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/b_carrum_ground_activation_3508x2480_v02.jpg?itok=Jm8eEoel" title="Station Street in Carrum will be grade separated - image: Level Crossing Removal Authority" width="580"></a>

<figcaption>Station Street in Carrum will be grade separated - image: Level Crossing Removal Authority</figcaption></figure>It was with dismay that I read in The Age a few days ago that there appears to be some backroom argy-bargy going on in relation to extending the Frankston line's three tracks southwards from Moorabbin in order to extend express services further down the bay.

Aside from the fact this region of Melbourne is not poised to do as much heavy lifting in terms of housing and employment for Melbourne's increasing population (with the except of the Moorabbin-Bentleigh area), putting political weight behind extending a third track is bygone era thinking.

The Frankston line from Moorabbin to Caulfield and the Belgrave/Lilydale lines from Box Hill to Burnley have triplicate - three - track sections which allow for the peak flow of faster trains to overtake stopping all stations.

<blockquote>
Three tracks was fashionable in Melbourne up until the 1980s, with prominent examples on the Ringwood and Frankston lines. Expresses can overtake slower trains in one direction only.

The catch is that since the 1990s, the amount of inner-city stabling has been reduced markedly, so all those trains need somewhere to go between peak hour runs.

This is problematic with three tracks — in the morning the single outbound track gets congested; this can result in delays and clogged level crossings, and may be problematic when aiming to connect outer suburban centres like Dandenong and Ringwood with express trains (in both directions) from the inner city.
<cite>Daniel Bowen - <a href="https://www.danielbowen.com/2016/02/09/how-many-tracks/">How many tracks</a>?</cite>
</blockquote>

As Daniel Bowen points out, express services on three tracks need to have trains stored at the end of the run - and the inner-city does not have that capacity anymore. 

I can understand a state or federal MP hearing his or her community's concerns about commuting times but in the wider metropolitan context, express services to the city - and doing it in a substandard way - is a luxury, especially as the region we're talking about will not be under the same pressure to shoulder the burden of population growth.
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Alastair Taylor

Two tiers of service on the Frankston is a nice to have, not a necessity

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Tilba Tilba, the 1956 Chancellor &amp; Patrick-designed Frankston South residence has been sold for $3,057,000.
The sale was settled only recently through Nicholas Lynch.
Set on 1390 sqm at <a href="https://www.realestate.com.au/sold/property-house-vic-frankston+south-123704314" target="_blank">14 Gulls Way</a>, the home has views of the bay.
The home has been updated. It was gutted by fire in 1989, then restored in sympathy with the integrity of the original design.
 Each bedroom has oversized windows and doors allowing the water views to fill the home with light.
 The open plan living is graced with American oak floors and flanked by a masterful kitchen and a majestic Moorooduc stone fireplace.
Two alfresco dining zones allow for year-round outdoor living. 
The infinity pool was installed when the works were undertaken in 2010 with appointments appropriate for a home of historical significance.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/19/frank2.jpg" alt="">
Chancellor and Patrick was a Melbourne architecture firm, formed in 1953 by David Chancellor and Rex Patrick and dissolved in 1981, best known for their numerous houses designed in their signature dynamic, expressive take on organic architecture.
Gulls Way is a narrow street forming part of the subdivision of Yamala, the oldest mansion on Oliver’s Hill.
In the 1950s, the precinct became the site of an adventurous spate of Modernist architecture by local film, Chancellor &amp; Patrick.
One of the most unusual is 1 Gulls Way, which is David Chancellor’s own 1950 house.
Just across the road from David Chancellor’s family home was Polperro, the landmark Johnston House at <a href="https://www.realestate.com.au/sold/property-house-vic-frankston+south-112902131" target="_blank">6 Gulls Way</a>.
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Tilba Tilba, the 1950s Chancellor & Patrick-designed Frankston South home sold

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Through 2016 there was substantial growth in property prices throughout Melbourne’s south eastern corridor and the trend is expected to continue into 2017, according to HTW's February 2017 update.
The valuation firm says that suburbs such as Seaford and Carrum saw median house prices grow 5.8% and 8.3% respectively in 2016, with Seaford’s median house price increasing an impressive 17.2% in the September 2016 quarter alone.
The area is popular with younger families and retired couples especially, due to its close proximity to the Frankston rail line, Frankston Freeway and Peninsula Link whilst also being well serviced with local amenities, shopping precincts, schools and beaches.
With the appeal of the region anticipated to continue, it is expected that property prices will also continue to rise well into 2017.
The adjoining suburb of Frankston North is also expected to continue its momentum into 2017.
The suburb was originally one of the largest housing commission precincts in Australia and many of the original brick veneer dwellings still exist.
Low median house prices and larger land sizes have made this area popular with first home buyers and even investors looking to demolish and subdivide, the report says.
"Whilst the suburb has struggled to shake its stigma as being a rough area, its popularity is certainly on the rise.
"Median house prices grew 8.8% in the September 2016 quarter and although the growth in Frankston North isn’t as substantial when compared to its neighbouring suburbs, it has been steady in the past and is expected to continue into 2017."
For $345,000 an investor can buy a house such as the one at <a href="https://www.realestate.com.au/property-house-vic-frankston+north-124443078" target="_blank">23 Hickory Crescent</a>, Frankston North (above) that is available from over $369,999.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-vic-frankston+north-124193338" target="_blank">1/9 Windoo Street</a>, Frankston North (below) was sold for $346,780.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/15/1_9%20Windoo%20Street.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Frankston North an attractive and affordable property hotspot: HTW

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An Edna Walling inspired property in Frankston remains listed for sale. It was initially listed in May with $3.5 million to $4 million price guidance.
Located at <a href="https://www.realestate.com.au/property-house-vic-frankston-124190222" target="_blank">10-12 Somme Avenue</a>, the house combines 1920s architecture and modern designs. 
Sitting on 3,070 square metres of land, the four-bedroom, two-bathroom house comes with hydronic heating. 
The property is offered by Terry Sparks at T.J Sparks in Mount Eliza. It last sold in 1989 for $850,000 for 10 Somme Avenue and $330,000 for 12 Somme Avenue.
The median house price in Frankston is $440,000 according to <a href="https://www.urban.com.au/property-observer" target="_blank">CoreLogic RP Data</a>.
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