Buyers flock for views

Fyansford land allotments overlooking river, park attract top dollar at auction

GEELONG buyers have shown they are prepared to splash cash to secure some of the city’s best views with two Fyansford blocks fetching a combined $1.775 million at auction.

A Highton family paid $900,000 for one the first allotments offered in Gen Fyansford’s Pinnacle Newtown release on Saturday.

Boon and Janet Kweh, with children Matthew and Ryan, plan to build a grand family home on the 1260sq m block with front-row views over Queens Park and the Barwon River.

It was the largest of four blocks offered at the on-site auction and earned its new owners a helicopter flight over the housing development.

The block had been tipped hit $1 million but, despite attracting two bidders, fell short of that mark.

Another family was the lone bidder for the neighbouring 1048sq m block, which sold for $875,000.

Two smaller blocks of 758sq m and 691sq m were passed in on the day for $700,000 and $540,000 respectively.

Mr Kweh said it was hard to beat the location overlooking the river and Queens Park.

“We have been looking for flat land and this is the only flat land with a view,” he said.

“(The kids) go to school at Geelong College so they can walk to school.

“We’re going to have a swimming pool and I hope a tennis court, but I’m not sure if it’ll fit.”