It was one of 793 homes scheduled to go under the hammer in Melbourne on Saturday.

In Frankston North, a daughter bidding on behalf of her downsizing mother beat three other parties to a three-bedroom home for $590,000 at auction.

OBrien Real Estate auctioneer Mark Burke placed a vendor bid of $500,000 before two parties, both first home buyers, began trading offers of $10,000 and $5000 for 39 Aleppo Crescent.

The buyer eventually joined bidding, as did a fourth unexpected bidder who threw out offers right until the end, driving the sale price above the listed price guide of $525,000 to $577,500.

“He liked the house and just decided at the spur of the moment to bid. It was a fairly spirited [auction],” Burke said.

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The winning bidder placed a final $2000 offer to purchase the renovated property for $590,000 on her mother’s behalf, who was local to Frankston and looking to downsize.

While a downsizer nabbed this property, Burke said it was first home buyers that were making up the majority of the Frankston market at present.

“There still seems to be first time buyers out there. It’s probably about 25 to 30 per cent investors and 70 per cent first time buyers,” he said.