IT WAS an exciting day of auctions in Grose Street, Deakin, yesterday, with three properties selling under the hammer in quick succession.
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Luton properties sold 325/2 Grose Street, Deakin for $650,000, 122/2 Grose Street for $900,000 and 226/2 Grose Street for $1,050,000.
It was a day of good results for the agency, which also sold 24 Dugan Street, Deakin at auction for $936,000.
The house, pictured, was on a north-facing elevated block, with views to Black Mountain Tower and out towards Lake Burley Griffin.
The four-bedroom home also backed on to the Red Hill Nature Reserve and offered a renovated kitchen with generous cupboard space, ducted gas heating and a two-car garage.
Real estate agent Frank Pompeani of LJ Hooker Tuggeranong said there were good signs yesterday that the market was picking up
''The market place is definitely starting to show some signs of improvement following the latest round of interest rate cuts,'' he said.
''Genuine buyers are making themselves available and even though 6/33 Eggleston Crescent, Chifley was passed in at auction the negotiations have been continuing afterwards.''
Director of LJ Hooker, Manuka, Stephen Thompson said the end of the financial year was having a marked impact on buyers.
''The market is definitely on the move. There's been a lot of negative publicity but we are really seeing a lot of people coming to our open homes,'' Mr Thompson said.
''We have had two new listings in Narrabundah during the week and I had 25 groups of people through each of them. There is a strong depth to the buyers and I have met a lot of families who are saying: 'It's meant to be a buyers' market but we can't find anything that suits us to buy and they are not that cheap'.
''It is starting to turn. A couple of houses have just sold off-market though our client base.
''The buyers are getting out and about. I think people realise that Canberra is a really good place to buy, we are a solid city and great to buy into.''
There was a lot of interest in the market from people interstate and he expected that to continue.
''The turnover during the past six months has been slow but we are starting to see higher turnover and I think that will continue in the six months from now until Christmas,'' he said.
''There has been a lot of pent-up interest out there and there's been a shift in the market towards seeing more buyers out there and being serious.''