MOST residential properties sold above expectations at a winter auction event attended by more than 100 people at Warrnambool Race Club's Matilda Room on Wednesday night.
Among buyers of the 10 homes and Woodford land parcel were Melbourne couple Trish and Rob Storr who bought a three-bedroom California bungalow in Terang.
The property at 2 Burkes Road, Terang, sold for $392,000, about $12,000 above the expected price listed in the buyer's guide.
Ms Storr said the couple had sold their house in Chelsea Heights in May and had been house sitting in Elliminyt.
The house had caught their eye while visiting a friend in Camperdown and exploring nearby.
"We have been driving through Terang and we have been eyeing that house off for six years," she said.
"We felt it was the right time to move.
"We were in a lifestyle village, we were right on top of other people, and we didn't have our own garden."
Mr Storr, who has taught at secondary schools for 50 years, said the couple were ready to participate in the community and were excited to move to regional Victoria for the first time.
"We are really happy to get involved in things," he said.
Thirteen properties went under the hammer at the Ray White winter auction event, with only one commercial property passed in at 54 Verdon Street, Warrnambool.
A 5000 square metre block at Woodford sold for $350,000, $110,000 above expectations.
A three-bedroom home in Koroit at 69 Clarke Street sold for $560,000, $100,000 above expectations.
A three-bedroom house, 7 Calder Court in Warrnambool sold for $377,000, $77,000 above expectations.
A three-bedroom home at 9 Lance Court, Warrnambool, sold for $410,000, $36,000 above expectations.
A four-bedroom house at 44 Cherlin Drive, Warrnambool, sold for $585,000, $35,000 above expectations.
A three-bedroom home at 5 Tait Crescent, Warrnambool, sold for $351,000, $32,000 above expectations.
A three-bedroom house at 87 McMeekin Road, Warrnambool, sold for $427,000, $27,000 above expectations.
A three-bedroom home in Koroit at 36 Nine Mile Creek Road sold for $433,000, $23,000 above expectations.
A two-bedroom unit at 95 Cramer St, Warrnambool, sold for $380,000, $10,000 above expectations.
A three-bedroom home at 72 Hider Street Warrnambool sold for $475,000, within the expected buyer's range of $420,000 to $480,000.
The Commercial Hotel property at Koroit sold for $650,000.
Ray White Warrnambool partner Fergus Torpy described the event as "fantastic".
"I don't think you could hope for a better night," Mr Torpy said.
"It's a lot more formal to a street auction. There were buyers across multiple properties, and there's ability to have all our resources across the agency here."
Ray White last did an indoor multi-auction event in Warrnambool when it hosted monthly in rooms in 2015.
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