Canberra auctions: Housing market delivers strong results

After a sluggish weekend with a clearance rate of 55 per cent, the Canberra housing market has rebounded strongly, showcasing renewed buyer confidence and resilience.

Premium properties in sought-after suburbs like Duffy and O’Connor are attracting strong interest from first-home buyers and young families.

On Saturday, Belle Property’s Michael Pead sold the stylish four-bedroom house at 33 Burrendong Street, Duffy, for $1.237 million.

Pead said the property drew strong interest from five registered bidders on the day before it was sold to a family that was relocating.

The versatile residence is set on an elevated 747-square-metre block and offers formal and informal living spaces, a study or fifth bedroom, two bathrooms, and a double garage.

Set in the desirable Weston Creek district, Duffy is a popular suburb with families and offers a median house price of $975,000.

Ray White’s Vince Pinneri sold the impressive four-bedroom house at 77 Narden Street, Crace, under the hammer for $1.297 million.

Pinneri said the property attracted three registered bidders and was sold to an owner-occupier.

On a low-maintenance 470-square-metre block, the striking house has been fully renovated and offers generous accommodation with luxury finishes throughout,

Elsewhere on Saturday, the impressive three-bedroom townhouse at 34/17 Nevertire Street, Lawson, was passed in and is for sale through Altair Property’s Michael Wang and Arjun Choudhary for $759,900. The luxurious property comprises 110 square metres of internal space and features two car spaces and a storage cage.

Weekday auctions proved highly successful, with the eight-bedroom property at 4 Wandoo Street, O’Connor, selling on Wednesday for $1.35 million.

Belle Property’s Andrew White said there were two registered bidders for the property, and a third party was interested.

“The successful buyer was a young family who will eventually move into the main home and utilise the second unit as an investment.”

Situated in one of O’Connor’s highly prized pockets, this rare investment property yields about $2000 a week. The home features a main house and a separate, self-contained two-bedroom apartment.

On Thursday, two luxury homes in a Fender Katsalidis-designed building at 19 Marcus Street, City, were passed in.

The luxurious three-bedroom apartment at 1010 and the two-bedroom apartment at 1402 are now for sale through Cory McPherson from Capital Residential.

A three-bedroom apartment in the building sold in November last year for $1.275 million.