IT was a mixed bag of auctions in the south-west at the weekend.
A Warrnambool townhouse in Harris Street was the only property to be sold under the hammer, fetching $258,000.
Ray White’s Jason Thwaites said the three-bedroom townhouse opened at $235,000, with the bidding moving with two $10,000 bids before creeping up to its final sell price. He said about 15 people attended, with the successful bidders “a young local professional couple”.
Meanwhile, a Koroit block of land in Mill Street failed to sell at auction but was immediately snapped up afterwards.
Brian O’Halloran & Co auctioneer Brian Hancock said the residentially zoned block was passed in at $102,000 but purchased later for $110,000 by a Koroit family.
About 12 people attended the auction. There was also a very small crowd at an auction for a Grey Street property in Terang on Saturday.
James H Monk sales consultant Davina Pickles said the three-bedroom house was passed in on a $270,000 vendor’s bid but discussions with interested parties was ongoing. “(The real estate scene is) pretty tough in Terang at present but there are signs it’s starting to pick up,” Ms Pickles said.
mneal@fairfaxmedia.com.au