The heat rose in Canberra's property market yesterday.
CANBERRA turned on the charm yesterday, as the real estate market conducted the last auctions of summer.
The weather and quality of properties on offer attracted large crowds to the 26 auctions across the capital.
A crowd of about 50 people attended the auction of 44 Frome Street, Griffith, but a buyer was not among the throng.
Peter Blackshaw Real Estate Woden and Weston Creek agent Shane Killalea said only one registered bidder made an offer before the fully renovated three-bedroom house was passed in.
However, Mr Killalea said a number of offers were made after the auction. ‘‘It’s a hot property, probably the pick of the streets in Griffith, so I don’t think we’ll have too much trouble selling it in the near future,’’ he said.
‘‘There’s plenty of interest there so it’s just a matter of negotiating ... we’re hopeful it will sell in the coming days.’’
Fourteen of 22 properties sold at auction last weekend and there was another strong showing yesterday, with 11 of 26 offerings selling under the hammer.
Buyers snapped up two homes prior to auction and mid-week results were also positive.
Mr Killalea said mid-range properties were currently attracting the most interest. A four-bedroom home at 2 Whitton Place, Monash proved this popularity by selling for $755,000. Of 10 registered bidders, six contested the sale with some rapid and entertaining bidding.
LJ Hooker Tuggeranong director Mario Sanfrancesco said the battle boded well for the market heading into March.
‘‘We’ve been averaging three to four registered parties at recent auctions, but to have 10 on this property, we were delighted,’’ he said.
Mr Sanfrancesco said political upheaval often dulled the Canberra market, but not yesterday.
‘‘We’ve found that at the last 12 auctions, we’ve sold eight and another is under offer.
‘‘The numbers of people attending open homes are slightly down, but while there’s less lookers there’s more genuine interest from those coming through ... Hopefully we can find them the right homes for the genuine buyers, it’s an ongoing challenge in real estate, having the right stock at the right time.’’
INDEPENDENT PROPERTY GROUP
9 McIntosh Street, Scullin – passed in
8 Musgrove Street, Chapman – sold for $705,000
83 Fitchett Street, Garran – sold for $690,000
8 Hamilton Place, Jerrabomberra – sold for undisclosed amount
COLIN McINTYRE PROPERTY
3 and 3a Ashley Drive, Wanniassa – passed in
LJ HOOKER
54 Loma Rudduck Street, Forde – passed in
48 Dalyell Street, Chisholm – passed in
3 Nott Street, Fraser – unavailable
10 Barron Street, Deakin – sold for $800,000
2 Warburton Street, Narrabundah – sold for $697,000
2 Whitton Place, Monash – sold for $755,000
PETER BLACKSHAW
44 Frome Street, Griffith – passed in
31 Monkman Street, Chapman – sold for $985,000
20 Lawrence Crescent, Kambah – sold for $600,000
7 Kallara Close, Duffy – sold for $500,000
9 Sue Geh Circuit, Harcourt Hill – sold for $1.13 million
52 Wilsmore Crescent, Chifley – withdrawn
33 Eppalock Street, Duffy – passed in
67 Warragamba Avenue, Duffy – passed in
38 ‘Urambi Village’, 85 Crozier Circuit, Kambah – sold for $632,000
10 Lonergan Drive, Greenleigh Estate – sold for $800,00
10 Newland Street, Flynn – sold prior for $590,000
32 Scrivener Street, O’Connor – passed in
LUTON
22 Carrington Street, Deakin – passed in
104 Hawkesbury Crescent, Farrer – passed in
32 Beauchamp Street, Deakin – passed in
12 Clarke Street, Yarralumla - sold prior for $1.6 million
13 Wandoo Street, O’Connor – sold for $720,000
PRD NATIONWIDE
68 Alfred Hill Drive, Melba – sold for $724,000
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