First home buyer snaps up two-bedroom Spotswood house for $720,000
A first home buyer purchased a two-bedroom villa in Spotswood, Melbourne, for $720,000, $50,000 above the reserve price, in a competitive auction. The property, located at 1/25 Hope Street, had a price guide of $600,000 to $660,000 and attracted multiple bidders. Well-presented and renovated homes are seeing strong demand from first-time buyers in the current market.
- ▪The Spotswood villa sold for $720,000, $50,000 above its $670,000 reserve price.
- ▪Three other bidders competed in the auction, which opened at $600,000 and concluded rapidly.
- ▪Agent George Alexander noted that renovated, well-priced homes are in high demand among first home buyers.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.