We are in Mt Eliza, which is 3 kms south of Frankston on the coast and I love, love, love it....we have been here nearly five years and it is great. we are a five minute walk to the beach, lots of family friendly groups around here, playgrounds, etc. We were living in Melbourne before we moved down here and it is a much more relaxed vibe, people are very friendly. If you are looking at Frankston, I would be looking around the Frankston South area, some beautiful houses on great sized pieces of land.
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