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flag A Footscray townhouse sold for $955,000 in a competitive auction, exceeding the first-home buyer deposit cap, amid strong demand in Melbourne’s entry-level housing market.

flag A Footscray townhouse sold for $955,000 at auction, exceeding its reserve and the 5% deposit scheme cap, after fierce bidding from five first-home buyers, with a charity securing it via a $5,000 premium. flag The 1994-built, three-bedroom home on a 194-square-metre block featured solar panels and a modern kitchen, reflecting strong demand in Melbourne’s entry-level market, where Footscray’s median house price hit $915,000. flag The sale, part of a 59% clearance rate across Melbourne, highlights ongoing pressure in affordable housing, while luxury markets remain sluggish amid rising listings and cautious sentiment.

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