PHOTO: A two-bedroom townhouse in Brunswick West sold for $595,000 to first-home buyers.Photo: Stephen McKenzie
First-home buyers made spirited bidding at entry-level properties across Melbourne’s inner suburbs on Saturday, taking advantage of stamp duty concessions and the broader market slowdown.
A crowd of about two dozen gathered to watch an older-style townhouse in Brunswick West sell at auction.
The compact two-bedroom, two-storey home at 3/429 Brunswick Road featured front and back courtyards and drew interest from young home-buying hopefuls.
It was one of 744 properties scheduled to go under the hammer on Saturday across the city. At 6pm, the Domain Group had a clearance rate of 54.8 per cent from 526 reported results.
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