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Young purchasers sidelined as key buyer group returns to market

Press coverage 25 September 2025 Summary of published coverage
Young purchasers sidelined as key buyer group returns to market

A three-bedroom house in Grovedale, in Geelong’s south, sold at auction for $615,000, about $65,000 above its reserve, after a buyer’s advocate acting for an investor outbid rivals. The selling agent estimated investors accounted for three-quarters of the interest, with interstate buyers increasingly active in Victoria. PIPA research cited in the report found 41 per cent of investors rated Melbourne the best city to buy in.

Reported by

Peter Farago, realestate.com.au, 24 September 2025

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