Buying previously owned property

Mornington man returns to buy old home dad built 50 years ago - realestate.com.au

22 Rothesay Ave was repurchased by its original owner. This seems to be a common trend as well as buyers repurchasing into the same suburb after they sell their property on the peninsula.

“The blue-chip location in a tightly held pocket saw the property attract some 60 groups at inspections and four bidders. “It was a huge auction result and shows that prices in that particular pocket have remained resilient and held their own despite the slowdown,” One Agency Peninsula agent Campbell Noonan said. “There were probably another six potential buyers who couldn’t bid.”