First-time buyers fight for value in Geelong auctions – realestate.com.au

First-time buyers fight for value in Geelong auctions - realestate.com.au

2 Hennessey St, Herne Hill, offered for $610,000 at public sale.


First-time consumers have been on the forefront of Geelong auctions the place the brokers had moved the value vary through the campaigns in several instructions.

Ray White Highton agent Ben Powe stated the market was robust for properties the place consumers noticed worth.

Mr Powe stated the unique three-bedroom home at 2 Hennessy Ave, Herne Hill, was kickstarted after he adjusted the quoted value decrease.

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“Initially we had a quote value of $649,000 to $699,000 and the market most likely didn’t reply that effectively to that quote,” he stated.

“So we dropped it to $590,000 to $610,000 and the market responded.”

Two events, each first-home consumers, contested Saturday’s public sale.

The 628sq m property offered for $610,000.

2 Hennessey St, Herne Hill, offered for $610,000 at public sale.


2 Hennessey St, Herne Hill, offered for $610,000 at public sale.


2 Hennessey St, Herne Hill, offered for $610,000 at public sale.


“The individuals who bought it have been a younger couple from Winchelsea who had lately moved from Brisbane,” Mr Powe stated.

“He’s a tradie, in order that they noticed quite a lot of potential with the home and beloved the storage and have been actually excited.”

It was the primary time the house, simply of Church St, had been provided on the market.

“They constructed it and have lived in there ever since,” Mr Powe stated.

“It was a little bit of an emotional day for the household.

“When you’re priced the place the market sees worth, there’s a very robust market.”

Earlier, six potential bidders attended an public sale within the rain as a two-bedroom interior metropolis unit was provided.

3/21 Lonsdale St, Geelong, offered for $510,000 at public sale.


3/21 Lonsdale St, Geelong, offered for $510,000 at public sale.


3/21 Lonsdale St, Geelong, offered for $510,000 at public sale.


McGrath, Geelong agent Wayne Baker reduce brief the marketing campaign to go to public sale after round 10 events emerged with curiosity for the property.

The house at 3/21 Lonsdale St, Geelong, was initially listed for $420,000 to $450,000, however Mr Baker elevated the vary to $450,000 to $490,000.

That meant that some consumers dropped off because the information exceeded their budgets, however six nonetheless attended final Thursday’s public sale.

Mr Baker stated solely two bidders received the prospect to lift a hand.

“It began at $455,00 and completed at $510,000,” Mr Baker stated.

He stated each events have been first-home consumers.

The interior metropolis dwelling close to South Geelong practice station provided a low upkeep possibility near the CBD and hospital precinct.

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