Warrnambool couple buys first home after two-year search
A 22-year-old and his 21-year-old partner bought their first home at a Warrnambool auction for $348,000, below the reserve price of $380,000.
Hamish McCarroll and Brooke Dutton bought their first home at a Warrnambool auction on Saturday, November 7, after searching for two years. The two-bedroom unit at Carmell Drive sold for $348,000, below its reserve of $380,000.
McCarroll described the purchase as a relief, though he acknowledged the emotional weight of the commitment. Hamish reflected that the property market has shifted compared to five or ten years ago.
The young buyer described the home as just a stepping stone toward their longer-term plans.
- 22 years old
- Buyer's age
- 21 years old
- Partner's age
- $348,000
- Purchase price
- $380,000
- Reserve price
Why it mattersFor first-home buyers, finding a property below reserve offers a small reprieve in an expensive market, though prices remain stretched for young Australians starting out.
AustraliaIn regional Victoria, first-home buyers are accessing the market through stamp duty concessions, but affordability remains tight even for younger buyers willing to move beyond cities.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
