A medical scholar paid a $110,000 premium for a Geelong West character house as the town’s public sale market bounced again from final weekend’s snap lockdown.
Three bidders drove the $1.06 million sale of the three-bedroom, Victorian-era home at 24 Maitland St.
The opening bid of $950,000 hit the highest finish of the asking vary, indicating latest Covid-19 fears haven’t dampened purchaser confidence.
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The best bidder was considered one of two events who tuned in through an internet public sale platform.
However the Melbourne patrons’ agent bought the home on behalf of an area first-home purchaser who was within the crowd.
McGrath, Geelong agent David Cortous stated Saturday’s public sale outcomes confirmed the Geelong market had bounced again higher than ever after final weekend’s snap lockdown.
He stated on-line public sale registrations from Melbourne patrons had been significantly encouraging.
“Once more the market has come out sturdy,” Mr Cortous stated.
“After lockdown I feel it solely will increase for some cause, it simply appears that each time we go into lockdown we come out stronger.”
The client stated she had fallen in love with Geelong West since shifting to the neighbourhood 18 months in the past to check drugs at Deakin College.
“We reside in Weller St and we love the realm,” she stated.
“Not a lot comes up on this aspect of Pakington St and we had been fortunate sufficient to have the ability to purchase this one.
A north-facing rear facet was one of many drawcards of the house, which had a light-filled open-plan dwelling zone added as a part of a renovation some years in the past.
Mr Cortous stated it was the life-style location that appealed most to patrons.
“You’ve got cosmopolitan Pakington St down there and in 5 or 10 minutes stroll you’re by the gorgeous bay,” Mr Cortous stated.