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Friday, May 7, 2021

Curtin sale shows strong demand

The recent sale of a home in Curtin for more than $25,000 above reserve  shows strong demand for Canberra’s established suburbs.

9 Verran Place sold under the hammer for $1,006,000 on Saturday 21 March, before rules banning public auctions were announced.

Senior sales consultant at Michael Potter Real Estate, Alisa Lawrence, said all three registered bidders participated healthily, with one dropping out around the 980,000 mark, leaving the remaining two to battle it out. She said the sale price is a reflection of how prices in established, sought-after suburbs such as Curtin remain strong.

“Buyers are more likely to wait for the right home in their chosen suburbs to become available rather than compromising the location.

“We are now entering some uncertainty in the market; however, there are still going to be many buyers who already have finance and don’t need to sell an existing property who are still keen to buy.”

Find more property news and listings at Canberra Weekly Real Estate.

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