A PAIR of south-west rural properties were auctioned yesterday morning at Cobden Civic Hall to mixed results.
David Steel from First National Real Estate said a 114-hectare Fosters Road property on two titles at South Purrumbete had sold for $530,000 to a south-west region dairy farmer.
"It was a fair and expected price," Mr Steel said. "There were half-a-dozen bidders."
He said a 225ha Soundrys Road property at Elingamite was passed in without a bid.
"It was passed in on a vendor's bid of $2200 an acre. We had half-a-dozen people come up after the auction and they submitted offers in writing.
"We expect to have something by the end of the week but there's still a chance to put in offers."
The block includes a four-bedroom house, hay shed, machinery shed, garage, silos and a 12,000-litre auto cleaning vat.
Brian Hancock from Brian O'Halloran & Co would not comment on the result of an auction for a Port Fairy property on the weekend. The five-bedroom period stone and timber home (circa 1856) went under the hammer on Saturday and was recently The Standard's property of the week. Yesterday, the 1.3ha Princes Highway property was listed for sale online for $684,500.