Real Estate

affordable grovedale auction a magnet for first home buyers

Written by The ReReport

Winning bidders Jess Alsop and Ayan Abeysekera celebrate buying their first home in Grovedale. Picture: Peter Ristevski

A GEELONG couple timed its run to perfection to secure its first home under the hammer at a Grovedale auction.
Patience paid off for Ayan Abeysekera and Jess Alsop who bought 36 Dublin Drive for $480,000 after a late entry to the race.

Aucton of 36 Dublin Drive, GrovedaleMcGrath, Geelong agent David McGuiness fielded bids from three parties. Picture: Peter Ristevski

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They took just three bids to knock off their two rivals, including fellow first-home buyers also attracted to the affordable suburb.
“We have been looking for quite a while,” Ms Alsop said.
“We liked the location and the land size.”

Aucton of 36 Dublin Drive, GrovedaleFamily members applaud the purchase by Jess Alsop and Ayan Abeysekera (at right). Picture: Peter Ristevski

McGrath, Geelong agent David McGuinness called the auction, taking an opening bid of $370,000 for the three-bedroom house on 614sq m of land.
He said the quiet location and affordable entry point was a key attraction for first-home buyers and investors.

The living area.

“You have Coolabah Park just down the road,” Mr McGuinness said.
“If you’re a first-home buyer you could not buy better, it’s a fantastic position.”

He said buyers could invest with confidence in Grovedale which had experienced strong capital growth over the past 12 months.
The median house price in the area has surged 13.6 per cent to $466,000, according to Core Logic.

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