Paddock sells for more than $9000 an acre

"It was an unbelievable auction," Mr Hancock said.

He said the auction, which was held at the Koroit Bowls Club, had a strong attendance with locals and out-of-towners interested in the land.

"There were 34 people there," he said.

"We sold it on behalf of Paul and Heather Gleeson at Killarney.

"It was 80.1 acres - just one big paddock.

"It had a good set of timber stock yards, a windmill and solar powered electric fence."

Mr Hancock said the opening bid was for $6500 an acre.

"It rose in $100 bids then $50 then $25," he said.

"We had 29 bids all up.

"It's a great result.

"It was well above the reserve price."

Mr Hancock said the land was purchased by a local farmer.

"He will use it to run cattle as an outpaddock," he said.

"It's a great result for the district, it gives a lot of confidence.

"If there's another three or four paddocks out there we'd like to have them for sale.

"We had good interest from out-of-town and local buyers.

"As you can imagine, the vendors are over the moon."

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