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flag A first home buyer in Moorabbin paid $680,000 for a renovated unit below its prior price, as Melbourne’s unit market surged 26.5% in a year.

flag A first home buyer in Moorabbin purchased a renovated two-bedroom unit for $680,000, below its prior sale price, after the auction passed in at $670,000. flag The property, one of 312 Melbourne auctions held before the Melbourne Cup holiday, sold privately at its reserve. flag Moorabbin’s unit market has surged 26.5% in the past year, making it Melbourne’s fastest-growing. flag The buyer likely used the expanded 5% Deposit Scheme. flag In Mernda, another first home buyer acquired a house for $738,500, just above its $730,000 reserve, amid strong demand for larger blocks near the city.

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