A five-bedroom luxury home set a new record price in Googong on Saturday morning as the Canberra real estate market continued to hit top gear.
Real estate agent Richard Luton said more than 150 people gathered for the auction of the home in Leon St, Googong, despite only two bidders registered.
Nonetheless, bidding reached new record of $1.45 million, $65,000 over the previous high mark for the NSW suburb.
In April last year, the new record price for Googong was set at $1.135m for a four-bedroom home in Borough Ridge. On April 2 this year, the suburb's record went up to $1.385m.
"A number of people were very interested in the [Leon St] property today but couldn't get their finance locked in for the auction date," Mr Luton said.
He described the Leon Street home as a "high quality, owner-built luxury residence well worthy of the record price".
Googong, south of Queanbeyan, joins almost 20 Canberra suburbs that have hit record-breaking sales this year, including two in the past week.
The home on a 600 square metre block boasts a northerly aspect for its living room with extensive use of Wee Jasper bluestone and blackbutt timber, a designer kitchen with concrete benchtops, butler's pantry, ducted reverse cycle heating throughout, a 5kW solar system, four car garage and al fresco entertainment area.
Mr Luton said the new Googong buyers were from Canberra originally, and returning home from interstate.
"We're finding this is not uncommon at the present time; Canberra and the region has been undervalued for years and people who previously moved away to the bigger cities are now returning," he said.
He described Canberra house prices as "the rocket that keeps rising".
"It's the strongest housing market I've seen in 28 years here," he said.