Corowa product Marcus Fraser was pipped by a shot in the Vic PGA Championship at Cape Schanck on Sunday.
Fraser fired a sizzling final round six-under 64, but Campbell Rawson claimed his maiden title with a total of 10-under (270).
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Rawson only just made the cut but shot 65 and 64 in rounds three and four respectively.
Fraser shared the lead as late as the 15th hole.
"It's not often you're disappointed after shooting 64 in the last round bogey-free. I desperately wanted to have my name on that trophy," he said.
"My earlier rounds left me down, I was on the back foot going into the weekend.
"If you probably had given me second at the start of the week I would've almost taken it.
"I desperately wanted my name on that trophy and have to wait another 12 months to get that chance again."
Fraser played the European Tour for 16 years.