First-home buyers snap up Caulfield North popular apartment

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ECSTATIC first-home consumers attending their first public sale have secured the keys to a well-liked Caulfield North residence. Nathan Kamfonas, 25, and Emma Cowan, 24, kicked off the bidding for the two-bedroom property at 1/496 Dandenong Rd with a gap bid of $605,000.

Two different bidders joined the occasion, with the residence referred to as in the marketplace at $620,000.

Eleven bids in increments starting from $10,000 all the way down to $500 pushed the worth previous reserve earlier than the hammer fell for the couple at $633,000.

“We had been taking a look at suburbs additional out, then we stumbled throughout this one,” Mr Kamfonas stated.
“We had been getting a bit disheartened, then Thursday night time we noticed this and right here we’re.”
The pair, who work close by, stated the residence’s dimension, open-plan dwelling space and placement had been its greatest drawcards.

“It’s extra of a townhouse really feel, against an residence, which is what attracted us to it.”

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The seller’s daughter Tera Zhang stated the residence was the primary property their household bought in Australia, 4 years in the past.

“We purchased it off the plan and I nonetheless keep in mind the urge to maneuver into this unit that we may name dwelling.”
Ms Zhang stated the north-easterly solar made the house a light-filled, heat and cosy spot.

Ray White auctioneer Tom Grieve stated about 100 teams inspected the property within the lead as much as the public sale.

“In the case of two bed room houses individuals need the situation and both an additional parking area, second bathroom or a courtyard,” Mr Grieve stated.
“To seek out all of these components within the one property, they don’t come up that always.”

Mr Grieve stated though there had been a dip within the property market, houses in Caulfield North with a worth level close to the first-home purchaser candy spot (about $600,000) had been recording clearance charges of 80-90 per cent.

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