Franklin home sets new suburb record, selling via private negotiations

A five-bedroom home in Franklin has set a new suburb record after private negotiations pushed its sale price past the previous record of $1.745 million, Allhomes understands.

Selling agent Josh Morrissey of Hive Property sold the residence at 6 Alice Crist Street but was unable to confirm the eventual selling price.

Government records show the property surpassed the previous sale by more than $100,000.

While unable to comment on the sale price, Mr Morrissey had no doubt the home would beat the suburb record, which had been held by 11 Jeannie Gunn Street since March this year.

“The home was of exceptional quality with huge amounts of storage in the sub-floor area, which is very rare to find in Franklin,” he said.

“The home had beautiful, established gardens and was opposite a private reserve, so it offered the eventual buyers a lot of privacy.”

Allhomes data shows the property had more than 13,800 views and had an overall engagement number* of 221,557 from when it first listed on January 21.

Mr Morrissey said the vendors had built the property in a bid to make it their forever home but decided to part with the house to take on a new project.

The new buyers were a local family who had been on the hunt for a new home for the last few months.

“[The buyers] had been looking across all of Canberra, not just Gunaglin,” Mr Morrissey said. “Ultimately the size, quality and privacy of the home were the main drawcards for them.”

This Franklin sale was Mr Morrissey’s second record-breaking transaction in 2021. In February, he quietly broke Curtin’s record after a house sold for $2.7 million off-market.

Mr Morrissey said current buyer activity for high-end properties on the $1 million mark was high.

“The strength of the market and consumer confidence is primarily backed by the low cash rate at the moment,” he said.

“Buyers are comfortable securing aspirational homes in the top end of the suburbs because the rest of the market has lifted to support the premium transactions.”

The capital has marked 17 records since the start of the year. 

*Engagement levels are calculated by the number of clicks on a property’s floor plan, photos, video, 3D tours and property history, and utilising the map functions such as clicking on the aerial view of the property and land details.