The online auction of 58 Buffalo Crescent, Thurgoona, attracted 21 bids from interested bidders.

Auctioneer Philip Bell of McGrath Real Estate said the sale of the red-brick home was a great opportunity for downsizers, first home buyers and investors.

The property has an estimated rental income of $380 per week.

Mr Bell said vacancy rates were at an all time low of 0.2 at the agency for Albury-Wodonga.

He said the property market remains on the rise on the border, buoyed by an influx of investors and owner-occupiers from the big cities.

"We've seen the Albury region market grow and grow and grow in the last two years," he said.

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Mr Bell said Sydney, Melbourne and Canberra investors were very interested in getting into the Albury-Wodonga market and we're especially looking at housing costing around or below $500,000 to $600,000.

"I think the Buffalo Crescent auction was a pretty good indication of the market [at the moment]," he said.

"We had 9 registered bidders for that, the majority of which are from outside the area, so certainly from an investor perspective [Albury-Wodonga] is on the map.

"Buyers like that are looking for yield and they can't get that in Sydney and Melbourne and Canberra. Anything that's affordable housing in a reasonable condition is going to attract interest from outside the area."

The property last sold for $170,000 in March 2005.

A block of land and house in need of demolition at 74 Albert Road Chiltern sold prior to auction for an undisclosed price.

A four-bedroom house in West Albury was passed in at auction at $750,000. The 68 Florence Crescent, West Albury, property last sold in 2015 for just $450,000.

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