A couple who moved back to Geelong from Sydney to get a foot on the property ladder have realised their dream after beating competition for a renovated Thomson house.
Hayeswinckle, East Geelong agent Adam Murphy said the three-bedroom house at 8 Robertson St went under offer within days and attracted multiple offers.
Tyrrell Hill and his wife Taew Srisa-ard paid $435,500 for the 650sq m property, ending a long search for their first home together.
Mr Hill said they had looked at about 100 houses across Geelong’s most affordable suburbs since moving back from Sydney 15 months ago.
This one appealed because of the work had that already been done, including a new kitchen and renovated bathroom.
“I moved to Geelong because it was entirely unaffordable in Sydney,” he said.
“I had been looking extensively and the reason was I didn’t want to extend myself on borrowing in the current situation.
“We had a number of things that we were looking at … we were looking at the best value and this house was very much in our range.”
Mr Murphy said the house attracted mainly first-home buyers chasing a renovated entry-level home.
He said 20 private inspections over the first weekend of the campaign netted multiple offers.
Fellow Hayeswinckle agent Yan Lin said the 3219 postcode, which covers Newcomb, Thomson, Breakwater, St Albans Park and Whittington, as well as pricier East Geelong, had become the go-to area for buyers wanting to spend under $500,000 and get a decent parcel of land.
She said tipped the area would jump in value in next five years as more people recognised its potential.
“Thomson is one of those areas that people weren’t interested in before but because of the budget they are looking at it,” she said.
Thomson’s median house price has risen 4.9 per cent to $417,500 over the past 12 months, Hometrack data shows.