Bendigo buyers pay $2,225,000 for three-storey, city-edge base
Competition from two bidders pushed the inner-city property $125,000 over its reserve at auction on Saturday, as investors step back from the property market.
A three-storey property located on the edge of the city in Bendigo has sold for $2,225,000 at auction. The final sale price exceeded the reserve by $125,000 due to competitive bidding from two interested parties.
This sale comes at a time when investors are reportedly withdrawing from the broader property market.
The sale highlights continued strong demand for specific city-edge properties despite a general cooling of investor activity in the real estate sector.
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