![Ray White Warrnambool auctioneer Fergus Torpy at 8 Cole Close in Dennington. The three-bedroom property sold for $580,000 on Saturday. Picture supplied Ray White Warrnambool auctioneer Fergus Torpy at 8 Cole Close in Dennington. The three-bedroom property sold for $580,000 on Saturday. Picture supplied](/images/transform/v1/crop/frm/cxHfELQxnFmSLDWweFfSBG/5207bc6d-e7b7-4b99-b683-b0e5867c7f7d.jpeg/r287_0_1958_1263_w1200_h678_fmax.jpg)
Wet weather conditions failed to deter buyers at auctions on Saturday, with all four properties selling under the hammer.
Subscribe now for unlimited access.
or signup to continue reading
Ray White Warrnambool held three auctions with 7 Truro Court, off Breton Street, in the city's north, selling for $587,500 to a Warrnambool buyer.
Auctioneer Jason Thwaites said two people bid for the three-bedroom home.
"It stared with a vendor bid of $500,000 and moved in $20,000 bids to $560,000 and then two $10,000 bids and three $2,500 bids," Mr Thwaites said.
The home had a price guide of $549,000 to $599,000 and about 30 people attended the auction.
Meanwhile, a three-bedroom home at 31 Taits Road, also in the city's north, sold for $485,000 which was within the property's $450,000 to $495,000 price guide.
![A three-bedroom home at 31 Taits Road in Warrnambool's north sold for $485,000 at auction on Saturday. All four properties auctioned sold. Picture supplied A three-bedroom home at 31 Taits Road in Warrnambool's north sold for $485,000 at auction on Saturday. All four properties auctioned sold. Picture supplied](/images/transform/v1/crop/frm/cxHfELQxnFmSLDWweFfSBG/5487190a-0777-4cd5-b36c-cab97eaac262.jpg/r0_0_1370_907_w1200_h678_fmax.jpg)
Auctioneer Fergus Torpy said there were three bidders and it sold to a young Warrnambool couple who purchased their first home.
He said a crowd of about 20 people watched on as bidding opened at $400,000 with three parties vying for the property.
"It rose in $20,000 bids to $440,000 and then in $10,000 and $5000 bids when it was announced on the market for $460,000 and it ended up selling for $485,000," Mr Torpy said.
In the third auction of the day, 8 Cole Close in Dennington sold for $580,000 to a single bidder.
The three-bedroom home sold within its price guide of $550,000 to $600,000 to a first-home buyer from Warrnambool.
"There was an opening bid of $520,000 and a vendor bid of $550,000 and then the buyer came up to $580,000 under the hammer and reached an agreement with the owner to sell it," Mr Torpy said.
Meanwhile, a three-bedroom home at 19 Hamilton Street in Peterborough sold for $570,000 on Saturday.
Brian O'Halloran and Co Real Estate auctioneer Brian Hancock said there were three bidders and it was a "well contested property".
The sale price fell just short of its original $580,000 to $630,000 price guide and the auction attracted a crowd of about 30 people.
Mr Hancock said a couple from out-of-town purchased the property and would use it as a holiday home.
He said bidding opened at $300,000, followed by a $400,000 bid and a vendor's bid of $450,000.
Mr Hancock said there was then a $50,000 bid to reach $500,000, two $25,000 bids and two $10,000 bids sealed the deal with the property selling for $570,000.
Mr Torpy said market remained "fairly steady" and there was "good buyer activity, healthy competition and still great prices" despite rising interest rates.