Fisher suburb record quietly broken with a $1.23 million sale

A four-bedroom home in Fisher has quietly broken the suburb record after it sold for $1.23 million earlier this month, surpassing the previous benchmark by $30,000.

According to listing agent Michael Pead of Belle Property Kingston, the house at 8 Cobar Place was under the vendor’s ownership for more than 35 years.

Over the years, the vendors had added an extension to the existing home to create an additional living area, a full-sized tennis court and 85 solar panels. Updates were also made to the bathrooms.

Set on 1800 square metres of land, the home features a Japanese garden by the front yard, adorned with mature maple trees and a small fish pond.

“It has a real zen feel to it,” Mr Pead said.

“The beauty of the home was a real drawcard for the buyers.”

The vendors sold the home in a bid to downsize to an apartment in Kingston.

Mr Pead said the new buyers of the Fisher home were attracted to the home’s floor plan – “in particular, the segregated living spaces and the rumpus room”.

“The new buyers were very specific in what they were after … they knew what they wanted,” he said.

The new homeowners purchased the house via off-market sale.

According to Allhomes records, Fisher’s previous record was set in 2013 by 21 Kapunda Street for $1.2 million.

The latest record follows a string of suburb records that have tumbled in recent weeks including those of Bonython and Googong township, which was broken twice this month.

Mr Pead said many buyers in Canberra were “undeterred by what’s happening with COVID-19”.

“It’s a government-led city, so a lot of buyers have job security and are looking to become live-in owners,” he said.

“The market has been quite strong for a period of time now … and even if the market does dip in the short-term, Canberra will recover from it pretty quickly.”

The latest Domain House Price Report shows Fisher’s median house price increased by 4.9 per cent year-on-year to $685,000.

“The increase is something we are definitely seeing in Fisher,” Mr Pead said.

“What we’re finding in Fisher is that a lot of buyers who are looking at Chifley and Lyons [in Woden Valley] tend to look further at Fisher [in Weston Creek] … Because people are getting more value for money in Fisher.”

Speaking on the property market, Mr Pead said the initial panic of the COVID-19 restrictions on open inspections and traditional auctions had been strongly felt, with the pandemic causing a lot of “speed bumps in people’s plans”.

“[However,] the panic has certainly subsided in recent weeks and people are happy to pull the trigger on buying a home now,” he said.