It was another successful weekend of auctions for Warrnambool agents today with most houses selling well above expectation.
About 50 people attended the sale of 16 Noble Drive, a four-year-old, four-bedroom property situated on 860sqm of land in the city's east.
Bidding began much lower than the minimum expected sale price of $799,999 at $750,000, but soon rose by increments of $25,000, $10,000, $5000 and $1000.
In the end it appeared to be a mother-daughter duo which trumped about three other bidders to snap up the home for $909,000, $30,000 above expectation.
Nearby, nearly 35 people attended the auction of 3/6 Riverdale Court, a three-bedroom home also in east Warrnambool.
Bids began at $470,000 and rose in $10,000 jumps between three bidders, eventually selling to a local investor for a total of $530,000.
While the reserve price was undisclosed, the property sold for $30,000 above its indicative selling price.
Homeseeka agent Peter Herbert said it was a good result.
"It was a good result and the vendor was happy with the result and the purchaser was ecstatic," he said.
"So two very happy people, which is great."
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There were about 15 people who arrived at the slow-burn auction of the three-bedroom house at 8 Laurie Court in west Warrnambool.
Bidding started at $350,000 before rising by $20,000 and eventually just $500 between two competitive bidders.
In the end the property was sold at $437,000, just above the expected selling price.
Finally, about 50 people attended the sale of a four-bedroom property at 976 Raglan Parade.
There were three bidders in total, but in the end it was a local first-home buyer who snapped up the home for $367,000, $67,000 above reserve.
Harris & Wood agent Tom Symons said all parties were happy with the result.
"The owners and buyers are rapt so its a good result for both parties," he said.
"It seems that the market is still very bullish despite everything else that's happening in the world at the moment. From a local point of view it's still very strong."
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