Four record suburb sale prices made despite Canberra’s wet weather

The rain didn’t stop bidders breaking four records at Canberra’s house auctions on Saturday.

New suburb records were made in Franklin, Waramanga, Aranda and Griffith, totalling almost $7 million dollars in sales.

LJ Hooker’s Stephen Thompson said the auction in Griffith saw the four-bedroom property go for $2.97 million.

“It’s a tightly held area. It’s the first time in about 30 years this home has come up for sale,” Mr Thompson said.

“I understand it’s a record for the suburb.”

Mr Thompson said an auction in March saw a neighbouring house go for $1.8 million.

The auction at 16 Durville Cresent on Saturday was held inside because of the wet weather, with bidders and curious neighbours packed inside the house, he said.

The bidding started at $1.87 million, climbing slowly before one bidder jumped ahead to $2.5 million.

“There was a hush in the crowd and strategically that was probably quite a good move … it just kept going,” Mr Thompson said.

Luton Properties principal Richard Luton said his agency had broken three suburb records in Franklin, Waramanga and Aranda.

“We’ve had 28 auctions and we sold 19 of them today. We had to get everybody to take their shoes off today all our auctions were inside,” Mr Luton said.

“The one that got the biggest record was the one in Franklin. That sold $380,000 over the previous record price.”

The giant five-bedroom property at 155 Oodgeroo Avenue in Franklin sold for $1.55 millon.

In Waramanga, a Yiman Street property sold for $1 million.

“It beat the previous record by 94 thousand and that was a pretty smart house,” Mr Luton said.

In Aranda, a Nungara Place property sold for $1.4 million, beating the previous suburb record by only $5000.

Mr Luton said the clearance rate was up by 90 per cent.

He said a shortage of quality houses in some Canberra areas were seeing the prices rise.