A last-minute rush for first-home buyers at late December Geelong auction
Weekend auctions provide some last-minute Christmas shopping opportunities, property style, for first-home buyers on Saturday.
Weekend auctions provide some last-minute Christmas shopping opportunities, property style, for first-home buyers on Saturday.
Five properties are being offered this weekend, with three considered prime candidates for first-home buyers to snap up before the holidays.
The pick of the bunch is at 100 Apex Ave, Belmont, where Barry Plant, Highton agent Ray Rounds has welcomed 82 parties during the three-week campaign.
He said young buyers were providing the main interest in the brick veneer house a few hundred metres from Highton’s Bellaire Primary School.
The price guide of $440,000 to $460,000 reflects that buyers will need to work on the house once they take ownership.
“It’s such a good spot down at the Highton end of Belmont as I call it,” Mr Rounds said.
“It needs a bit of work around the home, it’s not bad. I’ve sold worse.
“Young first-home buyers, tradies and parents are out there helping their kids get in the market, which is good.”
McGrath, Geelong agent David McGuinness said those who miss out at Apex Ave are expected to be in the running at 17 Porter Ave, Highton, which goes to auction at noon.
Mr McGuinness said he’s also entertained a lot of first-home buyers and some investors in the home, which the one owner purchased in 1964.
“We’re looking at a pretty strong auction,” Mr McGuinness said.
Price hopes are from $475,000 to $520,000.
RELATED: Buyers pounce on ‘cheapest house in town’
Seven bidders ensure dream result in Lara
House ‘beyond repair’ sells for close to $400K
Mr McGuinness said a similar property at Strickland Ave had also caught the eye of some buyers on the lookout for something to renovate.
“The interest has been a lot of first-home buyers, and quite a few Melbourne buyers as well. There’s a few investors. It’s a good solid property.”
Mr McGuinness said buyers searching for original homes in the area need to have a long-term plan.
“You want to be going in with a five-year plan, get stuck into the renovation and get the enjoyment out of it.
“A lot of the families want to be close to Bellaire Primary School and the Porter Ave shops are up the streets. It’s a pretty sought-after area.”
The third option is at 3 Kahle Court, Thomson, where the renovated brick veneer house goes to auction at 11am.
Ray White, Geelong agent Laurie McGovan said first-time buyers and investors were keen on the three-bedroom house with ducted heating, split-system airconditioning and an outdoor entertainment area.
Price hopes are from $375,000 to $405,000.
Originally published as A last-minute rush for first-home buyers at late December Geelong auction