Buyers were spoiled for choice on Saturday as Canberra’s bumper auction day delivered an array of property to the market.
More than 100 properties were on offer throughout the ACT and Queanbeyan – the biggest day on record for the Canberra region.
Despite the deluge of homes going under the hammer, Saturday’s clearance rate of 70 per cent was up from last week’s 60 per cent, according to Domain Group data.
A suburb record was smashed in Florey where 3 Edman Close sold under the hammer for $960,000.
Peter Blackshaw Gungahlin agent Michael Braddon said the five-bedroom house’s single-storey floor plan, recent renovations and prime location made it popular with families.
It attracted seven registered bidders and topped the previous suburb record of $840,000, which was set in February with the sale of 106 Ratcliffe Crescent.
A three-bedroom house at 33 Newdegate Street in Deakin was auctioned with a public reserve of $980,000.
33 Newdegate Street, Deakin sold for $950,000. Photo: Supplied
Four parties registered to bid for the 1960s home, which was in largely original condition. Bidding began at $800,000 and rose in $25,000 increments before stalling at $925,000.
Following mid-auction negotiations with the highest bidder and vendor, the property sold under the hammer for $950,000.
Luton Properties Manuka agent Marc Donohue said the vendors chose to publish the reserve as they were keen for a quick sale.
It was previously on the market with another agent so they wanted to be transparent about their expectations.
Mr Donohue said buyers responded well to the level of transparency.
A Forrest house designed by Canberra’s first residential architect, Kenneth Oliphant, was one of the biggest sales of the day, selling for $2.57 million.
The four-bedroom 1940s home at 24 Arthur Circle attracted seven registered bidders and five parties placed a bid.
24 Arthur Circle, Forrest sold for $2.57 million. Photo: Supplied
LJ Hooker Manuka principal Stephen Thompson said it was a competitive auction and there was a pent-up demand for high-end homes on large blocks.
In the inner north, neighbouring vendors in Lyneham decided to capitalise on their homes’ RZ4 zoning and sold 7, 9 and 11 Oliver Street as a single package.
7, 9 and 11 Oliver Street, Lyneham. Photo: Supplied
Subject to approval, the blocks could house anything from a 10-unit townhouse development to a four-storey apartment building.
Peter Blackshaw Gungahlin agent Luke McAuliffe said five developers registered and each placed a bid on the parcel.
The hammer fell on $2.88 million and it sold to a local builder.