A crowd of about 20 people attended Warrnambool's only auction this weekend with a three-bedroom, two-bathroom home in north Warrnambool just making the expected price range.
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The property at 6 Turner Drive attracted just one bidder, with an opening offer of $550,000.
Being well below the expected price range of $620,000 to $680,000, the home eventually sold to a local buyer who'd just sold their own property on an acreage out of town.
That buyer was looking to downsize to a lower-maintenance property.
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Ray White auctioneer Harry Ponting said he was pleased with the result.
"It was a really good result in the end," he said.
"It went as expected, the owners were keen to get it sold and I suppose at an auction campaign you get four weeks to establish where the market's seeing value and that's pretty much where it sat, if not a little more, so it was a great result.
"The purchasers are happy too so it was a good result all-round."
Mr Ponting confirmed it was the only auction held in Warrnambool on Saturday, with another selling before it hit the market.
He said many potential sellers wanted to hold-off until after the long weekend, with auctions expected to resume to regular numbers closer to April.
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