A double storey two-bedroom house in Fairy Street was the first to go under the hammer on Saturday and sold for $811,000.

Ray White Warrnambool auctioneer Fergus Torpy said the property attracted plenty of interest with six bidders battling it out.

The centrally located property was bought by an investor.

Meanwhile, a three-bedroom house on Hopkins Point Road sold for just over $1 million.

Bidding on the property started with at $900,000 before a vendor's bid of $930,000 was made.

The bidding continued via a person on the phone and there were continued negotiations between the bidder and the vendors.

The property was eventually sold for $1,030,000.

Mr Torpy said the house was in one of Warrnambool's most desirable and sought after locations.

He said it was architecturally designed and build around 1988.

"It's got spectacular views and natural light throughout," he said.

"There is a reason this is one of Warrnambool's most desirable locations."

A three-bedroom house in Moore Street sold for $465,000.

Bidding opened at $370,000 and was between two people.

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The bidding grew steadily in $10,000 increments before moving to $5,000 increments.

The winning bidder was a regional investor.

Mr Torpy said with restrictions easing buyers were keen to get out and attend the spring auctions.

"We've had a good turn out, I think people are happy to have that little bit more freedom," he said.

On Friday a property on the Codrington-Bessiebelle Road in Bessibelle was passed in at $6000 per acre.

Ray White Rural Timboon's Gerard Delaney said two allotments were passed in with one very close to being under contract and another also very close to selling.

The two allotments on 479 acres of productive and well sheltered grazing land also had two three-bedroom houses.

Mr Delaney said the negotiations were well into excess of $6000 per acre and it looked like the buyers would be locals.

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