A heated Frankston auction saw five bidders battle it out, with a first homebuyer securing this charming family home for $885,000 after a fierce contest.
A first homebuyer has outgunned investors to snap up a Frankston family home for $885,000, after a fierce back-end-forth auction battle that saw five registered bidders — including an interstate buyer — duel for the keys.
The three-bedroom home, at 18 Helvetia Crt, Frankston, featuring a self-contained studio, had drawn significant interest ahead of the auction, with two investors in the mix alongside owner-occupiers.
But despite their deep pockets, it was a first homebuyer who ultimately won out.
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‘The eventual selling price exceeded the home’s $750,000 – $825,000 price guide.
Ray White Frankston’s George Devic said the auction played out like a “textbook example of the power of competition.”
“There was that classic minute of silence at the start as buyers waited for someone else to make the first move,” Mr Devic said.
This sleek, modern kitchen features stone benchtops, stainless steel appliances, and ample storage — perfect for first-home buyers or growing families.
A spacious backyard with a covered patio and lush greenery offers the perfect setting for summer barbecues and family gatherings.
“But once the first bid was placed, the momentum shifted dramatically — and from there, it was a fast-paced, aggressive battle as buyers fought hard to stay in the game.”
After a flurry of bidding, the property was called on the market, with the first-home buyer holding their nerve to secure the win — an exciting moment, Mr Devic said, in an environment where owner-occupiers often struggle to compete against investors.
“Their excitement was incredible — it’s always special to see a first-home buyer succeed, especially in such a competitive auction,” he said.
Warm and inviting, the living area’s cosy fireplace and timber floors create the ultimate space to unwind on cool evenings.
18 Helvetia Court, Frankston – for Herald Sun Real Estate
The vendors were “over the moon” with the result, with the strong outcome reinforcing the strength of the Frankston market, where competition remains fierce despite buyers keeping a close eye on interest rate movements.
Some sellers are still holding off, waiting for further rate cuts before listing, but Mr Devic said those who moved now could take advantage of lower stock levels.
“By the time we get two or three more rate cuts, we’ll see tens of thousands of properties hitting the market,” he said.
A self-contained studio with a kitchen and ensuite offers the ideal setup for multigenerational living or extra rental income.
Positioned in the Frankston High School zone, this flexible home is perfect for families, investors, or buyers looking to capitalise on its dual-living potential.
“That’s going to create much higher competition for sellers — so if you’re thinking about selling, now is the time to do it.”
The winning property, tucked inside the sought-after Frankston High School Zone, had broad appeal, with an updated kitchen, timber floors, and a cosy living space with a fireplace.
The self-contained rear studio offered additional flexibility, making it attractive to multi-generational families or those looking for rental potential.
Positioned close to Frankston Beach, Frankston Hospital, and local schools, the home had ticked all the right boxes — helping fuel the intense auction showdown that ended in a first-home buyer victory.
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