More than 100 people turned out to a pair of auctions on Shepparton’s Rea Street on Sunday. A unique art deco brick heritage home on a huge 1,817m2 block at 50-52 Rea Street was passed in at $650K and is being negotiated with several interested buyers. Next door, at 54 Rea Street, a charming weatherboard went under the hammer by agent Kevin Hicks of Shepparton’s Kevin Hicks Real Estate (pictured) with Kelvin Maude assisting, selling comfortably over reserve. The auctions, which were also attended by online buyers, shows the strength of Shepparton’s real estate market. According to the REIV, the median sale price for houses in Shepparton has risen by 11.5 percent in the last quarter alone, well above the regional Victorian average increase of 5.1 percent.
