A home in North Albury has jumped 46 per cent in value in just six years after selling at auction.
On Saturday 977 Waugh Road in North Albury sold for $322,000 after a sustained bidding war between the five registered parties.
The property last sold in 2015 for $220,000.
Before that the home sold in 2001 for just $90,000, which means the value has risen 257 per cent in 20 years.
Brian Unthank Real Estate's Tristan Wright said the vendors were happy with the result.
"It was a good price and we've had a very good campaign with it," he said.
"The home is in a great position but it does need some work so we got a fair price for it."
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Mr Wright said they had predicted the home might sell for between $280,000 to $320,000.
"I think it's a good example of what's happening with the first home buyers and investors market," he said.
"We'd certainly like some more homes on the market because there are plenty of buyers.
"Listings are hard to come by so it's a really strong sellers market."
A three-bedroom, 853-square-metre home in Albury's west also sold for $720,000.
The bidding started at $500,000 for the 565 Roper Street home and took a bit of warming up before things really swung into action.
Chapman, Gould and May Real Estate's Stephen Stewart said the home had been in the same family since it was built in the 1960s.
"It's quite an emotional time for the vendors and it's great to see that it's going to some worthy young buyers," he said.
"It did go well above reserve and the final price was probably higher than expected to be honest.
"It was certainly a really pleasing result and there were some very happy parties on either side."
Mr Stewart said the sale was indicative of the current housing market's strength.
"It's quite an unpredictable market but there is certainly a lot of confidence in it at the moment," he said.
"Today's result is tomorrow's comparable, we're certainly right in the midst of a very bullish market at the moment."
Just down the road at 602 Roper Street, bidders were much more gun-shy, so much so that the two-bedroom unit was passed in without a single bid.
Auctioneer Philip Bell tried to rouse those in attendance from their silence with a suggested opening bid of $450,000 but none in attendance were tempted to raise a hand.
McGrath Real Estate's Andrew Papallo was unfazed by the lack of a result.
"I'm confident we'll get a sale pretty soon, we're not too worried about it."
