The past week produced a range of online property auction results, from high-end homes being passed in to another that was snapped up following a series of bids in $500 increments.
According to CoreLogic's preliminary figures, of the 23 results collected for the Illawarra so far, there was an auction clearance rate of 82.6 per cent for the week ending September 12.
This is compared to the 11 results collected for the Illawarra and an auction clearance rate of 63.6 per cent for the week ending September 5.
Fully renovated and located in a private bushland setting, the home at 8 Avon Parade, Mount Kembla went under the virtual hammer on Friday afternoon.
Set on 600 square metres, the four-bedroom, three-bathroom home sold for $1,527,000, more than $50,000 above reserve.
After an opening bid of $1.4 million, a couple of early bidders were knocked out of the race by just past the $1.5 million mark.
A new bidder entered the fray, and eventually traded several bids in $500 increments with another buyer, with one of those bids eventually sealing the deal.
There were 26 bids placed and eight registered bidders.
Selling agent, Sarah Ward from Stone Real Estate Illawarra said it sold to a buyer from Wollongong, with the under-bidder being from the Illawarra's northern suburbs.
Mrs Ward said the auction was brought forward a week due to the "urgency" of the buyers, following the considerable interest in the home.
"The property was styled really well and looked beautiful, which I think was a big factor in people not wanting to let it go," she said.
A property in the rural area of Darkes Forest was passed in on the weekend.
The acreage property, located at 478 Darkes Forest Road, Darkes Forest went up for online auction on Saturday.
Selling agent, Ron Kissell from Ray White Helensburgh said the home was passed in at $3.5 million.
It had a price guide of $4 million, and later a reserve price of $5 million.
Mr Kissell said they'd had eight registered bidders, including some that were interested but hadn't been able to get their financing in place in time.
The lifestyle property is set on 20.1 acres with approximately 13 acres cleared and fully fenced.
The homestead comprises of a ranch-style home, with four bedrooms.
Post-auction, Mr Kissell said they'd subsequently had interest in the property about the $4.2 million mark, and negotiations were ongoing with prospective buyers.
Meanwhile, the home at 674 Lawrence Hargrave Drive, Coledale was initially passed in at auction on Saturday, but sold later that day via negotiation for $3,050,000.
The four-bedroom, two-bathroom home boasts beachfront views, and had a price guide of $2.9 million.
Selling agent, McGrath Thirroul's Vanessa Denison-Pender said the interested parties were all Sydney buyers, but during the auction they had all perhaps been waiting for another party to make the first move.
It eventually sold to a young family from Clovelly for use as a weekender.
An East Corrimal home was sold via online auction on Friday night to a Wagga Wagga buyer, who had inspected the home that same day via FaceTime.
The home was sold after an auction which featured just two bids and met the reserve.
Set on 1069 square metres, the three-bedroom, one-bathroom home at 21 Lake Parade, East Corrimal was sold for $1,860,000.
Co-selling agent, Tonee Kisten from Belle Property Illawarra said there were four registered bidders, but only two bids placed.
The opening bid was $1,850,000.
Ms Kisten said the home would be a knockdown-rebuild for the buyer, who were likely to utilise it as their primary residence.
"We had lots of out of area interest for different reasons - from people looking at it as a weekender, and some wanting to knock it down and build a holiday house there," she said.
The home at 59 Eager Street, Corrimal sold under the virtual hammer last week for $950,000.
The three-bedroom, one-bathroom home sits on 580 square metres. It had a price guide of $900,000.
Selling agent, Tony Dribbus from Molenaar + McNeice said there were four registered bidders, and it was snapped up by an Illawarra buyer.
Mr Dribbus said there had been considerable interest in the property given its price point of less than $1 million and location in the northern suburbs.