Auction watch: Million-dollar sales across Canberra at and after auction

A number of homes in some of Canberra’s most sought-after enclaves sold for more than $1 million each on Saturday, including a record-breaking sale in Narrabundah.

Peter Blackshaw Real Estate Manuka agent Mario Sanfrancesco said the buyers of the home at 9 Finniss Crescent did not want to disclose the final price, which broke the suburb’s residential house record by “a significant amount”.

The previous record was held by a house on the same street, 69 Finniss Crescent, which sold under the hammer for $1.46 million in May.

The architect-designed four-bedroom house attracted nine registered bidders and close to 100 onlookers and sold shortly after auction.

“I think it was the combination of location, design and quality construction and detailing that went into it,” Mr Sanfrancesco  said.

“Finniss Crescent is one of the most tightly-held positions in Narrabundah.

“I think the market in this bracket has shown to be quite strong.”

The Narrabundah home was among at least five properties selling for more than $1 million at auction or through post-auction negotiations in Canberra.

About 70 people watched a number of parties vie  for a house at 46 Jaeger Circuit in Bruce, which eventually sold for $1.35 million.

The four-bedroom three-bathroom house attracted nine registered bidders, three of whom tussled from a debut bid of $1.1 million.

A fourth party made the 14th and final bid on the auction’s eleventh hour. The house passed in at $1.31 million but, after a short negotiation period, sold for $1.35 million.

Peter Blackshaw Manuka agent Debbie Maddigan said it was a “fantastic result” for the “beautifully renovated” property, which backs on to a nature reserve and has views to Black Mountain.

“It’s extremely tightly-held in that old area of Bruce,” Ms Maddigan said.

“There are so many facilities around there. It’s very appealing and it’s very hard to get something.”

Another 70 people watched a home at 7 Burt Street in O’Connor sell for $1.3 million under the hammer.

McGrath Dickson agent Maree van Arkel said the four-bedroom two-bathroom home’s “immaculate” condition and central location were major drawcards.

“A lot of buyers don’t really want to do a lot of work – they want to move in and enjoy,” she said.