Politics

Newtown neighbours lay welcome mat as buyers find “forever” home


Homebuyers planning a January wedding have secured their “forever home” in Newtown after missing out on 15 homes in a marathon search.

A rousing reception from the neighbours proved to be an overwhelming welcome for a couple who have found their “forever home” in Newtown.

Haydn Reeves and Lauren Mandato emerged with the keys to the Nantes St residence after winning Saturday’s auction with a $1.45 million bid.

The couple, who are set to be married in January, were one of two bidders for the 768sq m property close to the Geelong College Junior and Middle School.

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“This is our first home together, our forever home,” Ms Mandato said.

“We love the street, the street is just beautiful. It’s very family friendly. We love Newtown, we’ve been looking exclusively in Newtown

“Initially we were looking for something off Pakington St but eventually we just fell in love with this little pocket.”

Two groups contested the auction, which opened on a $1.25 million vendor bid.

The underbidder opened with a $1.27 million bid, eventually dropping out at $1.445 million.

The underbidder opened with a $1.27 million bid, eventually dropping out at $1.445 million.

A crowd of neighbours surrounding the buyers launched into a round of applause as the buyers embraced.

Mr Reeves said the couple had been searched for 18 months and had seriously looked at 15 homes previously.

“We’ve had to keep adjusting what we’re willing to pay,” he said.

“It’s been so stressful, super-hard,” Ms Mandato said. “We’ve been planning a wedding and trying to buy a house.”

Buxton agent Ben Riddle said it was a fine home in a fine location where buyers would be safe against over-capitalising.

Two homes had sold for more than $3 million in Nantes St in recent years.

The neighbouring home sold for $1.435 recently.

“It could be a passion project but something that you could move in to and enjoy today,” he said.

“There have been a number of sales in Nantes St that have been over $3 million, so don’t be worried about the ceiling, if you’re going to over-capitalise, this is the area if you are going to spend big money.”

The 768sq m block allows renovating, extension or rebuilding in a sought-after blue-chip area.

Newtown’s median house price has reached $1.055 million in November, a 14.9 per cent jump in 12 months, according to PropTrack data.

Originally published as Newtown neighbours lay welcome mat as buyers find “forever” home



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