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First-Time Buyers Dominate Under-Million Auctions

First-Time Buyers Dominate Under-Million Auctions

Published 1 week, 2 days ago
Description

A young couple just smashed the reserve by $25,000 to snag a $872,500 Airport West home—proof the under-$1M market is exploding, especially for first-timers tired of city apartments. Bidding warred fiercely, led by a former footy star auctioneer, as another Yarraville townhouse sold for $931K after five years of searching. With investors pulling back, it’s first-time buyers driving the frenzy—and prices are soaring.

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