A Shellharbour home has sold for $6.5 million under the hammer - an eye-watering nearly $1 million above the reserve price.
According to CoreLogic's preliminary figures, of the 40 results collected for the Illawarra so far, there was an auction clearance rate of 67.5 per cent for the week ending November 28.
Ray White Shellharbour City hosted a series of auctions last week.
The agency sold more than $26 million worth of property, with 14 properties up for sale across two nights via online auction. Three of them were passed in.
The sales included 42 Wollongong Street, Shellharbour, which sold for $6.5 million. It sold for nearly $1 million above reserve.
The selling agent was Adam McGrath, who said there were four active bidders past the $6 million mark.
There were 12 registered bidders, with the buyer, from the Southern Highlands, already owning property in Shellharbour Village.
The tri-level home is set on approximately 912 square metres of direct oceanfront land, and offers private direct access onto the sand of Shellharbour's North Beach.
Ray White Shellharbour City principal Amanda Bonnici said there had been a lot of inquiry on the home.
"There were a lot of bidders, but two fought it out in the end," she said.
The under-bidder was a Sydney buyer.
Several of Ms Bonnici's listings also sold at auction.
These included 5 Jetty Avenue, Shell Cove for $2,219,500; 10 Makaha Way, Shell Cove for $2,090,000; and 113 Osborne Parade, Warilla for $1,805,000.
Ms Bonnici said there were on average five bidders for each property.
The Jetty Avenue property went for $319,000 above reserve, and the Makaha Way home went $90,000 over reserve.
"They were all great results and all out-of-area buyers," she said of these listings.
She said their agency would be running auction campaigns until December 21, due to the demand, before kicking off again in February.
The home at 14 Albert Street, Lake Illawarra sold via online auction for $755,000.
The three-bedroom, one-bathroom home sits on 588 square metres.
Selling agent, Jarrad Holtze from Ray White Shellharbour City said it sold to a first home buyer from the Sutherland Shire.
Mr Holtze said the result exceeded the reserve price by about five per cent.
Mr Holtze said interested parties included first home buyers from Sydney, Canberra and locally, as well as investors.
He said there was competitive bidding during the auction.
"It's in a good location and has beautiful gardens," Mr Holtze said.
"It had that configuration that first home buyers and investors are after - three bedrooms, a bathroom and a lock-up garage."
The home at 30 Bland Street, Port Kembla sold under the hammer via an on-site auction last week.
There were 12 registered bidders and a sale price of $1,405,000.
Selling agent, Jordan Andonovski from The Agency said the interest in the property was around the $1.1 million to $1.2 million range.
The three-bedroom, two-bathroom home sits on 645 square metres.
Mr Andonovski said the property was auctioned after 11 days on the market "as we had to bring the auction date forward due to the amount of interested buyers".
It sold to a Sydney buyer.
He said the hybrid-style auction featured bidders both in person and via online, and attracted about 60 onlookers.
"It has an ocean and a lake view," Mr Andonovski said.
"It's not on the water, but the location and the outlook, and the house itself had character.
"Most comparable sales around there are either side of $1 million, and this went several hundred thousand above that."
Mr Andonovski said they would be selling homes via auction up to December 20, primarily due to rising stock levels.
"Just myself, I've got plenty of listings ready to go next year already - stock levels are definitely above what we thought there would be this time of year," he said.
Meanwhile, in the Shoalhaven, the home at 13 Eastwood Avenue, Culburra Beach sold under the hammer via on-site auction on Saturday for $1,200,000.
The three-bedroom, one-bathroom home sits on 733.5 square metres.
Selling agent, Kellie Sprowles from Culburra First National said it sold to a local buyer.
She said there were six registered bidders, three of which were local.
Ms Sprowles said it was a strong auction, featuring both phone bidders and in-person bidders battling it out.
Ms Sprowles said the property's location was its main appeal, with the home itself needing major renovations.
"It's in a sought-after location due to its proximity to the beach - there's a beach access point at the end of the street," she said.
"It shows the market is still really hot, given the level of interest we had on the property and the strength of the bidding on the day."