Strong bidding for a home in Dennington emphasised increasing demand for the growing suburb while an entry-level property in Warrnambool also attracted plenty of interest.
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A crowd of about 30 braved chilly winds to attend the auction of 23 Armytage Avenue, a three-bedroom, two-bathroom home in Dennington on Saturday.
After a cold start, Ray White auctioneer Jason Thwaites kicked off a ferocious bidding war between two prospective buyers after opening with a vendor bid of $520,000.
That was quickly followed by a crowd bid of $540,000 before rising in increments of $10,000 to $5000 and eventually just $500.
The property eventually sold for $633,500, $33,500 more than the top end of the expected price range.
Meanwhile in Warrnambool, about 35 people attended the auction of 5 Ekard Avenue.
Bids for the three-bedroom home opened at $380,000 and finished with the property selling under the hammer for $450,000, the top end of the expected price range.
Finally, 28 Fenton Street, Camperdown sold for $386,000 to a local buyer.
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Jessica Greenan
Journalist at The Warrnambool Standard covering both Moyne Shire and Corangamite Shire Council. Sometimes court. Special interest in all things environment.
Journalist at The Warrnambool Standard covering both Moyne Shire and Corangamite Shire Council. Sometimes court. Special interest in all things environment.
