Canberra auctions: Buyers lured to affordability and quality as Canberra’s auction market heats up

Buyers have been active in the sub-$1 million price bracket, snapping up a wave of affordable houses during the week and over the weekend.

On Saturday, Mark McCann from McCann Properties sold the well-presented residence at 73 Halfrey Circuit, Wanniassa, under the hammer for $930,000.

Nestled behind a private facade in an elevated location, the traditional and tastefully maintained house provides sunlit family living and dining spaces and a spectacular entertaining deck with mountain views. It also has a functional kitchen with good storage and quality appliances, including electric cooking and a Miele dishwasher. The main bedroom has an en suite, three further bedrooms have built-in wardrobes, and there is a family bathroom.

The house features ducted gas heating and a double carport, plus additional parking space.

The home, on a 661-square-metre block, is in a family-friendly suburb, within walking distance of parks, schools and the popular Erindale Shopping Precinct.

The property last sold in 2016 for $560,000.

Elsewhere on Saturday, the beautifully renovated three-bedroom property at 80 Stuart Street, Narrabundah, was passed in and is under negotiation through Belle Property Canberra’s Louise Harget.

Introduced by a substantial Cotoneaster hedge, the home is set amid meticulously landscaped gardens and boasts a prized northern orientation.

On a 431-square-metre block, the house features 125 square metres of internal accommodation plus an expansive 40-square-metre outdoor entertainment deck complete with a brick pizza oven and a television.

Inside, the residence features a striking renovation. The downstairs accommodation provides an open-plan living and dining area, an updated kitchen with an oversized 900-millimetre gas free-standing cooker, an integrated double-draw dishwasher, stone benchtops and ample storage. Upstairs are three generously sized bedrooms with treetop views and a renovated bathroom.

The property includes a double garage with an automatic gate and a generous workshop and storage.

The home is within a minute’s walk of the boutique Griffith shops, Manuka Village, Narrabundah College, and prestigious schools like St Edmund’s and St Clare’s colleges, offering convenience and accessibility.

Properties under $1 million have been selling at auction during the week as buyers take advantage of the influx of affordable houses being offered. On Thursday, Ray White Canberra sold the three-bedroom, two-bathroom property at 8 Gudamang Street, Ngunnawal, for $841,000, while the three-bedroom house at 53 Vagabond Crescent, McKellar, sold for $836,000. The Property Collective sold the four-bedroom plus study townhouse at 18 Neil Currie Street, Casey, for $855,000.