Buyers drawn to popular Belmont pocket near Highton village
A POPULAR Belmont pocket close to the Highton border and the Barwon River again proved its pulling power at a weekend auction.
A young Geelong family jumped at the chance to buy a classic 1960s house on 716sq m at 4 Fairbrae Ave.
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Buxton agent Tony Moorfoot said they paid $665,000 for the property ahead of one other bidder.
“There were two young couples that both wanted it to live in,” Mr Moorfoot said.
“They loved the location and the layout. They have got a young son as well and there was a good backyard.”
He said bidding opened at $550,000 at Saturday’s auction.
The three-bedrooom house has two living areas, including a rear open-plan kitchen, dining and loungeroom that connects to a large deck.
Belmont’s median house price sits at $535,000 on the back of 7.5 per cent capital growth over the past 12 months, CoreLogic data shows.