Four-bedroom home in Chifley sets first $2 million-plus sale record

The suburb of Chifley now has a new benchmark after a four-bedroom home sold prior to auction for $2.25 million, surpassing the previous record by $410,000. This is the first $2 million-plus sale in the suburb.

The property at 1 Wood Place was scheduled to go under the hammer on Saturday but, after multiple offers were made, the home was sold to a Townsville family who’ll be relocating to the capital. 

Selling agent Ryan Thomas of Blackshaw Woden said the sale was the result of a different approach he took while selling the home.

“We were targeting interstate buyers so we advertised the home on a national scale rather than locally and that brought in 10 interstate buyers who put in very strong offers … a lot of the local buyers couldn’t compete with those offers,” Mr Thomas said.

“The eventual buyers viewed the home via video link and we showed them around the home on FaceTime and such.”

The house was fully renovated under the seller’s ownership and sits on more than 1100 square metres of land.

“The new home owners were looking for something that was move-in ready and this home, as well as being renovated, ticked all the boxes for them,” Mr Thomas added.

“Chifley is a hidden gem with great amenities nearby. It’s not far from the Inner South and is within walking distance to the local shopping centre.”

The sale comes after the Domain House Price Report, released on Thursday, showed the median house price in the Woden Valley increased by 36.6 per cent to $1.28 million in the 12 months to September.

“The new buyers were actually looking to purchase a house in Forrest (in the Inner South) but after some research, they saw the value in property in the Woden Valley region and the strong growth the region has experienced,” Mr Thomas said.

“Woden Valley is the next best thing from the Inner South and so close too … people in Tuggeranong who also want to be closer to the city look to buy in Woden Valley, so it’s become a sought-after region.”

Government records show Chifley’s previous suburb record was set in March by the house at 7 MacFarland Crescent when it sold for $1.84 million.