More than 250 blocks of land have been sold in the new Molonglo suburb of Wright for $96million.
The largest block of 988sqm sold for $567,000 and the average block price was $365,040.
At the last ballot for land, 49 blocks were purchased for a total of $17.887million.
Colliers International, which is selling the land on behalf of the Land Development Agency, will offer 71 more blocks at a final ballot for the first stage of Wright on August7.
Colliers general manager, residential land marketing, Shane Radnell said as the number of blocks on offer dwindled, people's choices and preferences diminished as well.
''Some people will think they were not drawn early enough to get the block of their choice and will wait until the next release.''
Mr Radnell expected a total clearance of land in the first stage.
''There is certainly still strong interest for the blocks, and we expect that for the next release as well,'' he said.
Mr Radnell said the new estate had a great diversity in block sizes.
''They are not all massive and, importantly, they are not all tiny, compact blocks either.
''There's a good spread of blocks that are in the 330sqm range all the way up to 980-odd square metres, with the majority of them around the 450 to 600sqm mark, which is a pretty good sized block these days.''
For more, pick up a copy of today's Canberra Times