THE central Geelong property market is defying expectations as buyers are keen to be in the centre of everything.
Three parties bid for 103 Swanston St, Geelong at auction, with a local buyer putting in the winning bid of $888,000.
Bidding started at $760,000 and the property was called on the market at $830,000.
MORE REAL ESTATE: Renovated Geelong West house sells $60K above reserve at auction
McGrath, Geelong agent Ross Bywater said this pocket of Geelong was going really well at the moment.
“Geelong is defying the market compared to other areas,” Mr Bywater said.
The renovated three-bedroom character house retains original floorboards, ornate fireplaces, high ceilings and leadlight windows.
These original features blend with a contemporary kitchen and covered outdoor entertainment area to create a beautiful family home with rear access to a carport in blue chip Geelong.
The 456sq m property is walking distance to Kardinia Park, the CBD, waterfront and the local shopping village, cafes and pub.
The median house price in Geelong is $710,000, according to CoreLogic.