Day: November 1, 2021

Agony and ecstasy as first-time consumers land Belmont residence

First-home consumers Alex Watson and Hannah Smith. Image: Peter Farago

The depth of competitors that first-home consumers face making an attempt to interrupt into the property market was there for all to see at a Belmont public sale that completed $167,000 above value hopes.

A renovated two-bedroom home offered for $816,000 at Saturday’s public sale, fulfilling the dream for one first-home purchaser couple, whereas leaving one other devastated after lacking out by the barest of margins.

They have been amongst 16 teams registered to bid on the weatherboard home in Hill St, Belmont.

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