Luton Properties breaks Bonython record twice in 2020

Sharon Kelley 11 September 2020
4 Pavy Street in Bonython

4 Pavy Street in Bonython. Photo: Supplied.

The suburb record for Bonython was broken over the weekend with the sale of 4 Pavy Street, a four-bedroom, two-bathroom family home that sold for $1,120,000.

Luton Property sales agent Justine Burke said the home sold within six days of being listed, and the open day on Saturday saw 30 groups through. Contracts were exchanged on Wednesday and it sold before it could be auctioned on 26 September.

“We tried a staggered marketing approach, but didn’t need to go past stage one which was predominately digital advertising and only using some of the property websites,” she said.

“We were going to launch onto other platforms,” said Ms Burke, “but we’ve been doing really well with Zango, and the response was so good we didn’t need to list on other platforms.”

The previous suburb record for Bonython stood at $1,023,000, set by Luton Property sales agent Michael Martin in April this year for a home in Don Dunstan Drive near the Pavy Street home.

“The previous suburb record was the first time Bonython broke the million-dollar mark,” said Ms Burke. “That was in April this year. Prior to that, the record for Bonython was under a million.”

“It also highlights the market is exceptional at the moment, in a time when they were predicting a market drop of 30 per cent, we’ve had record sales,” said Ms Burke.

“I think we have some of the sales that would have been in spring brought forward this winter because the sales market in Canberra is so strong,” said Ms Burke.

“This was a dream timeline,” said Ms Burke, referring to the six days on the market. “The vendor is absolutely over the moon.”

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