Crowds of determined house hunters battled it out at auction on Saturday for 15 minutes in a desperate bid to secure one of Bonner’s most luxurious properties on the market.
A five-bedroom house at 11 Numiara Street in Bonner sold $600,000 above the suburb record following competition between two families fighting for the dream home.
While 11 prospective buyers were registered to bid, 7 were actively bidding and bids started off at $1.3 million.
“It went pretty quickly from there to reach the sale price,” said selling agent Adrian Giampietro.
In the end, there was back and forth between two local families, with a family from Gungahlin eventually outbidding the other family and scoring the keys to the modern masterpiece.
According to Mr Giampietro, the new owners were looking to upsize and loved the pool and expansive space on offer.
“The property has a degree of quality that is not common,” he said.
“There is a clear demand for high quality homes like this in Gungahlin.”
The property epitomises a resort more than anything.
Spread across 789sqm, there is nothing short of luxurious features on offer – there is a solar heated pool, multiple modern living rooms, a garage big enough to fit three cars, an incredible outdoor entertainment area with barbeque and wine fridge, and the endless possibility of transforming the fifth-bedroom into a home theatre room.
According to Zango data, the land value of the property had a recent growth rate of 4.38 per cent, giving it an unimproved land value of $411,000. As of 2021, the median sale price is currently $720,000.
Check out all the latest listings on Zango.
By Evangeline Maguire