SMH ·australia ·1 hour ago

Investor lands inner-west villa for $625,000, edges out first home buyers

An investor purchased a two-bedroom villa in Kingsville, Melbourne, for $625,000 at auction on Saturday, exceeding the reserve by $60,000. The property, which features Tasmanian hardwood floors and a private outdoor area, attracted competitive bidding from first home buyers. The auction was part of a busy week in Melbourne, with 877 properties scheduled to go under the hammer.

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