Canberra’s streak of record-breaking sales has continued this week after million-dollar deals in Page and Wanniassa set new suburb benchmarks.
This brings the total number of records set in Canberra and the surrounding NSW region to 30 this year that Allhomes has reported on thus far.
The residential sales record now sits at $1.19 million in Page and $1.26 million in Wanniassa.
The four-bedroom property at 19 Etheridge Street, Page sold under the hammer on Saturday afternoon, recording the first million-dollar sale in the suburb.
Despite running only a two-week auction campaign, close to 150 groups had walked through the property in just four open inspections, Cris O’Brien of home.byholly said.
“The reason we held a short auction campaign was that we’re finding that buyers are ready to go right now,” she said.
“There are many buyers who have been priced out of different auctions and are looking for the next house available, so these short auction campaigns are catering to that heightened demand.”
On auction day, the property drew 25 registered bidders, their family and neighbours keen to watch the auction unfold.
Bidding for the home kicked off at $800,000 and increased in $100,000 increments before shortening to $25,000 strides until the hammer fell at $1.19 million, thanks to five active bidders.
“I definitely wasn’t expecting to have 25 registered bidders, but that goes to show the level of buyers there are and the type of home they are looking for… the auction was electric,” Ms O’Brien said.
Government records show the residence last sold in 2012 for $481,000. The sellers decided to part with the home in a bid to upsize.
The new buyers are returning Canberra residents who’d been on the hunt for the last few months, Ms O’Brien said.
Elsewhere, a four-bedroom home at 56 Maltby Circuit, Wanniassa, sold before auction for $1.26 million and surpassed the previous record by $240,000.
The last time the property transacted was in 1999 for $215,000, government records show.
The residence was scheduled to go under the hammer on Saturday but sold on Tuesday night.
“Since the campaign commenced, we saw 144 groups through the home in the space of two-and-a-half weeks,” Ms Walsh said.
“Wanniassa is such a beautiful and highly sought-after suburb, so whilst the interest received was somewhat overwhelming, it was not at all surprising.
“We are seeing families chase their next family home in the area, as this market is forcing them to deter from the more costly suburbs such as Farrar and Isaacs.”
Wanniassa’s previous record was set just four days earlier at 1 Pasley Place when it sold under the hammer for $1.122 million. Prior to that record, the home at 61 Sullivan Crescent held the top spot since June 2020, when it sold for $1.02 million.