AGENTS were smiling after three successful auctions across the south-west on Saturday.
About 70 people turned up at Penshurst where Brian O’Halloran and Company auctioned two properties — the first sale of its kind in the town for many years.
Auctioneer Brian Hancock said a comfortable four-bedroom house on a large block at 128 Watton Street sold well above the reserve price.
He opened the auction on a vendor’s bid of $80,000 and the sale progressed in $5000 bids before a final bid of $1000 took it to the final figure of $151,000.
Mr Hancock also auctioned a 123-hectare (304-acre) grazing property at Springfield Lane, north-west of the town.
The farm, which featured improvements, opened on a vendor’s bid of $1800 an acre. There was one further bid of $1900 an acre before it was passed in. It sold after auction to a local farming family for $2200 an acre, or a total of $669,000.
Falk and Company sold a three-bedroom house at 70 Curdie Street, Cobden, for an undisclosed price immediately after auction. The house opened on a vendor’s bid of $180,000 and there was one bid, via the telephone, of $185,000 before it was passed in. The property was sold for a higher price several minutes after auction.