Canberra auctions: Florey home sells for $1.29m, despite short auction campaign

JESSICA TAULAGA - EDITORIAL PRODUCER

MAY 29, 2021

A four-bedroom house in Florey sold under the hammer on Saturday morning for $1.29 million after attracting close to 70 groups during its short, two-week auction campaign.

Despite Canberra experiencing its first touch of the cold winter to come, more than 30 onlookers showed up to watch the auction unfold at 42 Challinor Crescent.

Selling agent Greg Amos of Irwin Property said the house was on the market for the first time since 1986.

“This is a tightly held suburb, everyone knows everyone here and, given it is an area where very few houses do go to market, we knew we’d have a lot of interested parties through it,” he said.

The eventual new homeowners, who were upsizing, have been looking for a property in Florey. When auctioneer Michael Potter of Michael Potter Real Estate called for an opening offer of $1.1 million, the registered bidders were reluctant to raise their paddles.

It wasn’t until he reduced the starting bid to $1 million that one party took it up and a seamless flow of bids followed.

Three of the six registered bidders participated until, at $1.06 million, it came down to two parties. The stride shortened to $10,000 and $5000 bids and it was announced on the market at $1.24 million. The hammer eventually fell at $1.29 million.

“With the way the market has been so far, how the property was presented, we knew we’d get a good sale for both the seller and the buyer,” Mr Amos said. “We knew which buyers were going to register to bid today and knew roughly how much the home would sell for.”

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