Canberra’s temperature was not the only thing that was hot over the weekend, with auction sales soaring above suburb median house prices.
In Cook, 14 Moss Street attracted a lot of spirited bidding before selling under the hammer for $1.32 million, beating the north side suburb’s median by $645,000.
The four-bedroom home boasts a luxurious outdoor entertaining area with spectacular views over a neighbouring reserve.
Ray White Canberra selling agent Andrew Lonsdale said it was a real lifestyle home, located in a tightly held area.
“You can get home at the end of the day – go for a swim or a walk in the mountains behind,” he said.
“The atmosphere in Cook is always so interesting because people are so proud of their suburb. It is one of those suburbs which is so tightly held so people really didn’t know what to expect.”
Prior to auction day, 172 groups had inspected the home, with a large crowd gathering under shaded areas to view the auction.
There were seven registered bidders at the auction and six of those seven made bids.
The lucky buyers had been searching for their dream home for six years.
“They had been looking and missing out and to win a home after six years of looking they were just ecstatic,” said Mr Lonsdale.
This is only the second time a home in Cook has sold over the million-dollar mark. In 2016, 33 Cambridge Street sold for $1.365 million.
- Related: Rapid bidding at Griffith home
- Related: Summer auction event draws a crowd despite January slowdown
- Related: Character homes delight at Canberra auctions
Elsewhere in Belconnen, there was auction success in Scullin and Flynn.
The home at 36 Hinkler Street, Scullin sold for $580,000. Photo: LJ Hooker Dickson
In Scullin, 36 Hinkler Street sold under the hammer for $580,000, beating the suburbs median by $20,000.
LJ Hooker agent Ryan Hedley said there was a good vibe at the auction of the Scullin home.
“Lots of locals that came to welcome their new neighbours,” he said.
“The weather was nice and there was lots of strong, competitive bidding.”
There were five registered bidders and bidding started at $490,000. The auction was over in a matter of minutes.
The home at 13 Wyles Place beat Flynn’s median house price by $210,000. Photo: LJ Hooker Kippax
In Flynn, 13 Wylee Place sold for $800,000 under the hammer. Flynn’s median price currently sits at $590,000.
Auction culture is strong in the Belconnen region. In 2017*, the north side had the highest volume of auctions at 889 and the highest clearance rate at 73.9 per cent.
Ray White Canberra director Scott Jackson attributed Belconnen’s auction success to convenience and block sizes.
“There’s Belconnen’s proximity to the city and the amenities we have here such as the schools and the universities,” he said.
“There’s also some really nice-sized blocks out here that are still attracting the family bidders.”
*Based on data in the 11-months to November 2017.