Four Warrnambool properties sell amid strong turnout in weekend auctions

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."

IN OTHER NEWS:

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."

Our journalists work hard to provide local, up-to-date news to the community. This is how you can access our trusted content: