Records smashed in Tuggeranong and Holder as real estate sector responds to lockdown

Karyn Starmer 23 August 2021
10 Ferrier Place, Kambah

Set on Glen Eagles Estate, this five-bedroom property smashed the Tuggeranong record price by a whopping $620,000. Photo: McIntyre Property.

Suburb price records continue to tumble in the ACT as the Canberra property market continues its upward trajectory, despite the sector moving to online auctions and inspections due to the lockdown.

Not only were records set, they were smashed by hundreds of thousands of dollars.

McIntyre Property’s Daryl Gough sold a family home in Tuggeranong for $2,350,000, breaking the previous record by $620,000.

The five-bedroom home at 10 Ferrier Place Kambah is located in the much sought after ‘Gleneagles Estate’.

Set on a huge 2720 square battle-axe block, offering resort-style living with views over the golf course. The home features a split-level theatre room, games room and a tennis court, beautiful high ceilings and a cascading staircase, and a spacious master bedroom wing.

McIntyre Property owner and principal agent Col McIntyre said last weekend was the agency’s first-ever online auction experience and 75 per cent of their properties that went to auction sold.

Selling agent Daryl Gough said moving online for the first time with such a landmark property was a little daunting, but after the weekend’s success, they are happy with the process and look forward to next weekend’s online auctions.

“We didn’t have much choice. We have had to change and adapt to suit the times,” Mr Gough said.

“We had a lot of people unsure of how online auctions would work, so we conducted some mock auctions during the week to get a feel for the platform and help answer everyone’s questions. Next weekend, I am sure everyone will feel more comfortable.”

Holder also has a new suburb record after a modern four-bedroom property sold for $1.6 million ahead of its scheduled online auction on Saturday, 28 August.

The property at 87 Blackwood Terrace was listed with VERV Property and easily smashed Holder’s previous suburb record of $1.2 million.

Set on a 300 square metre block with north-facing living areas, four spacious bedrooms and two bathrooms, the home features an impressive entry hallway, 2.7-metre ceilings and luxury features throughout, including a bespoke kitchen with a 100 bottle wine fridge.

According to Mr Roses, the home had a few open inspections and over 100 groups through before the lockdown restrictions were announced. Mr Roses said his agency “moved like lightning” to adapt to an online platform on hearing the lockdown announcements.

“As a boutique agency, we adapted really quickly and have been able to meet the demands of the market. The market still wants auctions to go ahead.” Mr Roses said.

“Since the announcement, we are still selling homes, and we are still negotiating with buyers. The market is very active, and we’re finding that it’s still busier than ever.”


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