Sunshine washed over the territory to kick off the Labour Day long weekend but there were few gleaming results for auctioneers with just one of seven properties set to be auctioned on Saturday sold.
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An unassuming family cottage in Page was sold for $490,000 at a busy auction held in the expansive back garden of the property.
McGrath Gungahlin agent Bryan Gamarra had expected it would be a "cracker auction" but he was thrilled to have 13 registered bidders vying to snare the three bedroom home at 16 Newbery Crescent.
"The first bid was around $380,000 and it was just neck for neck with four families there bidding away," he said. "Once we hit the reserve of $440,000 it kept escalating and the fall of the hammer came at $490,000."
Mr Gamarra said there was an energetic atmosphere at the auction with a turnout of more than 40 watching as the bidding stepped up.
"It's a big 948sqm block, there were all in the backyard sitting on the grass watching the show unfold," he said.
"The purchasers were trembling with joy, they couldn't believe they bought the house and the vendor was doing cartwheels inside – a great result."
Mr Gamarra said the conveniently located property was ripe for renovation, and the new owners had plans to develop the large parcel of land.
"A husband and wife purchased the property and they're looking to extend," he said. "It's a massive block. The land and the street location is what sold it. There is potential to build a grand home so close to the city and transport."
Properties in Oxley, Red Hill, Chisholm, Evatt and Karabar were passed in with two auctions across the capital region cancelled.
The auction of 7a Kinkead Street, Evatt, was cancelled and has been readvertised with a price guide set at offers above $780,000.
McGrath agents called off the auction of 7 Ella Close Jerrabomberra, NSW, now for sale with a price guide set at offers above $800,000.
Saturday Results
McGRATH
16 Newbery Crescent, Page ACT – $490,000
7 Cutlack Street, Evatt, ACT – passed in at $430,000
13 Doyle Place KARABAR NSW - Passed in
7 Ella Close Jerrabomberra NSW - withdrawn
LJ HOOKER
154 Newman-Morris Circuit, Oxley, ACT – passed in
LUTON PROPERTIES
9 Charlotte Street, Red Hill, ACT – passed in
PETER BLACKSHAW
32 Baskerville Street, Chisholm, ACT – passed in
ONE AGENCY
48 Port Arthur Street, Lyons, ACT – in negotiation
INDEPENDENT PROPERTY GROUP
7a Kinkead Street, Evatt, ACT – auction cancelled
LJ HOOKER –
61 Kerrigan St, Charnwood - $400,000 (sold prior to auction)
LUTON PROPERTIES –
75 Kiaora Lane, Sutton - $1,165,000
23 Coolgardie Street, Dunlop - $436,000
406/2 Marcus Clarke Street, City - $425,000
8 Burnside Street, Watson - $626,000
92/37 Currong Street, Reid - $443,000
3/12 Limbunya Street, Hawker - $477,752
13 Sowden Street, McKellar - $405,000
100 Hawkesbury Crescent, Farrer - $1, 295 000
75 Ashburner Street, Higgins - $405,000
3 Duffy Street, Ainslie - $630,000
14/15 Fitzroy Street, Forrest - $755,000
75 Kiaora Lane, Sutton - $1,650,000
14 Hann Street, Griffith - $1,160,000
15/50 Lowanna Street, Braddon - $ 540,000
43 Adamson Crescent, Wanniassa - $640,000
3 Burrendong Street, Duffy - $645,250
44 Honyong Crescent, Ngunnawal - $305,000
PETER BLACKSHAW –
5/37 Totterdell Street Belconnen - $375,000
20/18 Glenmaggie Street Duffy - $380,000
23 Gorrie Close Hawker - $390,000
3 Twine Place Monash - $460,000
27 Messenger Street Holt $520,000
11 Marqua Place Hawker - $522,000
14 Ayers Place Curtin - $630,000
19 Bimberi Crescent Palmerston - $650,000
35 Lennard Street Amaroo - $650,000
34 Spafford Crescent Farrer - $671,000
12 Macalister Crescent Curtin - $690,000
42 Haines Street Curtin - $730,000
8 Allan Street Curtin - $844,000
28 Whitty Crescent Isaacs - $930,000
149 Mugga Way Red Hill - $3,400,000
WRIGHT DUNN REAL ESTATE
113 Hannan Place, Ainslie - $617,000
McGRATH
3 Corin Place, Crestwood - $465,000
1/12 Mulloon Street, Queanbeyan - $457,000
8 O'Shane St, Bonner - $355,000
36 'Azzura' Henry Kenall St, Franklin - $439,000
76 'Amira' Christina Stead St, Franklin - $319,000
8 Mana Place, Giralang - $670,000
25 Ansett St, Gungahlin - $675,000
9 Tangari St, Ngunnawal - $621,000
6/36 Watson St, Turner - $420,000
INDEPENDENT PROPERTY GROUP
9 Allwood Street, Chifley - $520,000
26 Bavin Street, Curtin - $1,560,000
1/20 Campbell Street, Ainslie - $663,000
2/45 Dobbin Circuit, Nicholls - $625,000
1/30 Krichauff Street, Page - $535,000
14/ Eastlake Parade, Kingston - $680,000
2 Tindall Place, Condor - $485,000
5 Palmer Street, Garran - $620,000
122/20 Federal Highway, Watson - $339,800
46/71 Giles Street, Kingston - $405,000
4 Timbs, Casey - $735,000
3 Rusten Street, Karabar - $400,000
1 Gibbes Place, Weetangera - $850,000