Three border properties sold for well over a million dollars each on Friday.
Two rural lots, Myrtle Vale and Primrose, at 86 Methodist Road, Bungowannah, sold to a single buyer for a combined $3.54 million.
Elders Rural Albury agent Reg Coulston said a local family purchased both properties in separate auctions.
Myrtle Vale, which featured a three-bedroom home on 52.8 hectares, sold for $1.625 million while Primrose, 59 hectares, sold for $1.825 million.
It was the first time the properties had been up for sale since selection in 1863.
Mr Coulston said the auction was highly competitive with 26 registered bidders.
He said the final price was slightly higher than expected. The property's location 15 minutes from Albury made it highly sought after.
"We had strong competition, that's just what is happening in the local market at present," he said.
"It's as hot as it's ever been at the present time and the demand is there especially for small rural places near Albury-Wodonga."
IN OTHER NEWS:
The strength of the market was on display in Wodonga as well where more than five different parties took part in a competitive auction for a four-bedroom Wodonga home.
4 Stableford Place, West Wodonga backs onto the 18th hole at Wodonga Golf Course and boasts a spacious 2287m2 allotment and pool.
Auctioneer Matt Condon of Ray White Wodonga said the single-level home was in a private, peaceful and highly sought-after pocket of Wodonga.
Bidding opened at $1.1 million for 4 Stableford Place, West Wodonga.
After heated bidding, the successful buyer won the property with a bid of $1.416 million.
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