Wild housing market generates record breaker in Torrens

74B Gouger Street, Torrens, recently sold off-market for a record price. Photo: Supplied.

Canberra’s housing market continues to reach new heights with a sale in Torrens recently smashing the suburb’s price record prior to listing.

Independent Woden and Weston Creek’s team of Jonathan Charles and Dominic Sisa broke the Torrens record with the off-market sale of 74B Gouger Street. The four-bedroom, two-bathroom home sold for $1,850,000, beating the previous record by $310,000.

“The home is a high-end build with a beautiful pool off the side of the lounge room,” says Jonathan. “It’s something you can’t go and buy this weekend at another auction.”

The home is a modern duplex built on a former Mr Fluffy site by JRG Constructions. It was designed by architect Alessandro D’Ambrosio from Arkitex, and the interiors were designed by Louise Kitchenside from Department of Design.

“The builder has done an amazing job,” says Jonathan. “It’s all handcrafted. It was a good combination of the design, the builder and myself picking what the market would do, and the way the market is at the moment.”

74B Gouger Street, Torrens, recently sold off-market for a record price. Photos: Supplied.

Jonathan says the home sold off-market as buyers are approaching him to find a property for them in the current real estate market. He adds that off-market sales often match or surpass prices on the open market.

“We’re getting offers before we go to market,” he says. “There’s a lot of reasons people don’t want to go to market. If you’ve got the right price, and a buyer and seller, you can achieve high prices.

“A lot of people want to buy at the moment, and those who want to buy will reach out to their agent to find a property that suits them.

“It’s a really nice feeling to be able to give them that service. It gives me a lot of job satisfaction.”

Jonathan encourages both buyers and vendors to reach out to their estate agents for sales. He says market conditions mean people are anxious and stressed about buying due to the current high levels of competition.

“People reach out and tell you what they want, which saves a headache for vendors and buyers,” he says. “It’s a wild market and a lot of people are getting upset and anxious.”

The kitchen overlooks the living area, dining room and pool in this beautiful Torrens home. Photo: Supplied.

The luxurious Torrens home features high ceilings with double-height spaces up to 5.5 metres above the kitchen and dining areas.

The kitchen has a walk-in pantry and overlooks the dining area on one side and the family room with a gas fireplace on the other, as well as through glass floor-to-ceiling windows and the inground pool.

Upstairs, there are three bedrooms, all with built-in robes, and a family bathroom, making a more secluded and contained sleeping zone.