Perfect middle ground sells $171K over reserve

The chance to lock in lifestyle acreage close to within 30 minutes of both cities drew five serious buyers to 69 You Yangs Rd.Richardson, Newtown agent Matt Poustie said 50 bids were traded before he bought the hammer down at $1.871 million.RELATED: Newtown sales tips in buyers’ favourCompetition hots up in ‘undersold’ Geelong suburbEast Geelong home sells $430K over reserveWith the release of the PropTrack Regional Australia Report, PropTrack Senior Economist Eleanor Creagh discusses the regional shift since the pandemic, and whether it will continue.The 2.2ha property has a refurbished four-bedroom, two-bathroom house and views of the nearby You Yangs.“Little River is really interesting pocket because you get competition from both Greater Geelong and Greater Melbourne,” Mr Poustie said.“There is a lot of Werribee and Point Cook people looking to get a little bit more space and they go quite hard.”He said it came down to two Melbourne buyers as the bidding stretched to 25 minutes.The new owners will have plenty of space to spread out at the family home, which has formal and informal living and dining areas, a home office and ensuite bathroom with a spa servicing the main bedroom.Outside, the property has been set up for horses, with post and rail fencing, four main paddocks with shelters, an arena and round yard.The rise in the popularity of Moriac was also confirmed as a four-bedroom family home on 4200sq m of land sold for $1.1 million.Mr Poustie said several interested parties were in the crowd but only one stepped forward and later negotiated to buy 850 Hendy Main Rd, Moriac, after it was passed in for $930,000.The family is making the move to Moriac from the Surf Coast.“The property was just over an acre, which is hard to find and the trees were absolutely gorgeous,” he said.“We have found there has been quite a strong shift to the Moriac pocket, four or five years ago people were not wanting to go past Ceres but now Moriac is a hotspot.”

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November 30, 2021 at 11:30PM
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The chance to lock in lifestyle acreage close to within 30 minutes of both cities drew five serious buyers to 69 You Yangs Rd.Richardson, Newtown agent Matt Poustie said 50 bids were traded before he bought the hammer down at $1.871 million.RELATED: Newtown sales tips in buyers’ favourCompetition hots up in ‘undersold’ Geelong suburbEast Geelong home sells $430K over reserveWith the release of the PropTrack Regional Australia Report, PropTrack Senior Economist Eleanor Creagh discusses the regional shift since the pandemic, and whether it will continue.The 2.2ha property has a refurbished four-bedroom, two-bathroom house and views of the nearby You Yangs.“Little River is really interesting pocket because you get competition from both Greater Geelong and Greater Melbourne,” Mr Poustie said.“There is a lot of Werribee and Point Cook people looking to get a little bit more space and they go quite hard.”He said it came down to two Melbourne buyers as the bidding stretched to 25 minutes.The new owners will have plenty of space to spread out at the family home, which has formal and informal living and dining areas, a home office and ensuite bathroom with a spa servicing the main bedroom.Outside, the property has been set up for horses, with post and rail fencing, four main paddocks with shelters, an arena and round yard.The rise in the popularity of Moriac was also confirmed as a four-bedroom family home on 4200sq m of land sold for $1.1 million.Mr Poustie said several interested parties were in the crowd but only one stepped forward and later negotiated to buy 850 Hendy Main Rd, Moriac, after it was passed in for $930,000.The family is making the move to Moriac from the Surf Coast.“The property was just over an acre, which is hard to find and the trees were absolutely gorgeous,” he said.“We have found there has been quite a strong shift to the Moriac pocket, four or five years ago people were not wanting to go past Ceres but now Moriac is a hotspot.”