A record $70 million worth of property will go under the hammer during this year’s biggest ever Ray White Canberra ‘Summer Auction Event’.
Seventy-five properties will go to auction across the four-day event starting on Wednesday 1 February, culminating with a huge ‘Super Saturday’ on 4 February.
Ray White Canberra Group chief auctioneer Troy Reddick is excited to be part of the event which he says has agents, vendors and buyers across Canberra buzzing.
“It’s going to be massive. Just to have so many homes and so many buyers already lining up for what is potentially the biggest auction event that Canberra has ever seen is very exciting,” Troy said.
He said, with 75 properties up for grabs, and an average price of $1 million, he hopes the Summer Auction Event will result in around $70 million in sales across four days.
“That’s what we’re aiming for,” he added.
The annual event is launched in January each year when buyers are keen to start the new year in their new home.
Already house hunters are coming out of the woodwork, with more than 800 people looking through Ray White Canberra’s open homes in the first week of marketing.
“We’ve tested this out and we know the market is always strong at the start of the year, as buyers have plenty of time on their hands over the Christmas break to consider their housing options. Our agents are excited and sellers can see the benefit of getting their homes on the market to kick-start 2023,” Troy said.
“Our research and experience gives us the confidence to know the buyers are there, and we know confidence is coming back into the Canberra market.
“Despite the doom and gloom of the past six months, we know that interest rates are simply returning to a more normal setting, and we are now seeing that buyers have come to accept that and are confident to participate in the market.
All kinds of properties, including family homes, units, apartments and vacant land, in all price brackets across Canberra are on offer, with 55 of the 75 to go under the hammer on Super Saturday. Twenty properties will be auctioned on-site, while the rest will be showcased at Ray White’s Belconnen and Tuggeranong auction rooms.
“We’ve never had such choice for buyers at this time of year,” Troy said.
For a lot of buyers, it’s their new year resolution to get into the property market. The auction event will have something for first home buyers, those wishing to downsize or upsize, as well as investors.
Troy says one of the standout properties is an architecturally designed five-bedroom family home with a swimming pool in the highly sought-after suburb of Aranda.
In a great location close to Aranda Public School, St Vincent’s Primary and Radford College, he says 30 Gundara Street, Arana, has attracted significant interest from Canberra and interstate buyers and is expected to sell for around $1.5 million.
A “real cracking townhouse” at 137 Thynne Street, Bruce, is central to Calvary Hospital, the University of Canberra, the Australian Institute of Sport and Bruce Stadium. Troy expects the ultra-modern, three-bedroom townhouse to be snapped up by a professional couple or first-home buyer.
The properties for sale range in price from $350,000 entry-level one-bedroom apartments up to $2 million family homes.
Troy is confident that there will be “homes available for all tastes and all budgets”, including a house and vacant land over the border at South Jerrabomberra.
Troy has sold more than 1500 properties across Canberra over the past 20 years and will share the hammer and gavel with three other “world-class” auctioneers during the event.
Alec Brown is the number one auctioneer in the Ray White international network, Peter Walker has been calling auctions in Canberra for three decades, and Dan Cooper is also a familiar face on the Canberra property scene.
If your New Year’s resolution includes making a move on the property ladder, then Ray White Canberra has you covered this summer.