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A record $70 million worth of property will go under the hammer during this year’s biggest ever Ray White Canberra Summer Auction Event.More than 70 properties will go to auction across the four-day event starting on Wednesday 1 February 2023, culminating with a huge ‘Super Saturday’ on 4 February 2023.<img alt="Copy-of-Aranda-30-Gundara-Steet_25-1200x800" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Copy-of-Aranda-30-Gundara-Steet_25-1200x800.width-800.jpg" width="800"><a href="https://zango.com.au/agencies/ray-white/" rel="nofollow" target="_blank">Ray White Canberra Group</a> chief auctioneer <a href="/agents/troy-reddick/">Troy Reddick</a> 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,&quot; Troy says.&quot;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.&quot;With 75 properties up for grabs, and an average sale price of $1 million, Troy hopes the Summer Auction Event will result in around $70 million in sales across four days.“That’s what we’re aiming for,” he says.The annual event is launched in January each year, when buyers are keen to start the new year in a new home.Already house hunters are coming out of the woodwork, with more than 800 people visiting 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,&quot; Troy says.&quot;Our agents are excited and sellers can see the benefit of getting their homes on the market to kick-start 2023.“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.&quot;<img alt="4-greenup-close-florey-act-2615-73320-image-0-20230112011643453073-crop-c0-5__0-5-1600x750-70" class="richtext-image full-width" height="375" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/4-greenup-close-florey-act-2615-73320-image-0-.width-800.jpg" width="800">A variety of properties, from family homes to units and apartments to vacant land, across a range of price brackets are on offer, with 55 of the 75 to go under the hammer on Super Saturday (4 February). 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 says.For a lot of buyers, it’s their new year&#x27;s 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.Located close to Aranda Public School, St Vincent’s Primary and Radford College, Troy says <a href="https://zango.com.au/sale/30-gundara-street-aranda-act-2614-72719/" rel="nofollow" target="_blank">30 Gundara Street, Aranda</a>, has attracted significant interest from local and interstate buyers and is expected to sell for around $1.5 million.A “real cracking townhouse” at <a href="https://zango.com.au/sale/137-thynne-street-bruce-act-2617-73323/" rel="nofollow" target="_blank">137 Thynne Street, Bruce,</a> 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.<img alt="Bruce-137-Thynne-Street_11-1200x800" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Bruce-137-Thynne-Street_11-1200x800.width-800.jpg" width="800">The properties for sale range in price from $350,000 entry-level one-bedroom apartments up to $2 million family homes.Troy is confident 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” Ray White auctioneers during the event.Alec Brown is the number one auctioneer in the Ray White international network, while Peter Walker has been calling auctions in Canberra for three decades. Dan Cooper is also a familiar face on the Canberra property scene.<h4 data-block-key="83n1f">If your new year’s resolution includes making a move on the property ladder, then <a href="https://raywhitecanberra.com.au/" rel="nofollow" target="_blank">Ray White Canberra</a> has you covered this summer.</h4>Article originally written and published by <a href="https://the-riotact.com/super-summer-auction-expected-to-bag-70-million-in-home-sales-for-ray-white-canberra/628372" rel="nofollow" target="_blank">The RiotACT.</a>

70 properties to be auctioned in a single weekend as part of Ray White summer event

Property

If you’re after space and simplicity in a peaceful location, put this north Canberra property on your must-see list.Beautifully positioned at the end of a quiet cul-de-sac is the fully-enclosed, three bedroom, two bathroom home at <a href="https://zango.com.au/sale/8-arid-place-palmerston-act-2913-63398/" rel="nofollow" target="_blank">8 Arid Place, Palmerston</a>.<a href="https://zango.com.au/agencies/ray-white/" rel="nofollow" target="_blank">Ray White Canberra</a> real estate agent <a href="/agents/troy-reddick/">Troy Reddick</a> says the home - located on a 769sqm block - has everything a professional couple or young family could want.<img alt="8-arid-place-palmerston-act-2913-63398-image-0-20220911234738738455-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/8-arid-place-palmerston-act-2913-63398-image-0.width-800.jpg" width="800">“If you&#x27;re looking for separate living areas, ensuite bathrooms, outdoor entertaining, a big block for kids and pets, and something that doesn’t need work done to it, this home has all of that,” Troy says.“Often we’ll see good homes, but they might be missing something - or it’s on a busy road, or there’s no entertaining area, but this home ticks all the boxes.“It’s also set in a nice, quiet area with no traffic, which is a bonus.”<img alt="8-arid-place-palmerston-act-2913-63398-image-0-20220911234739434348-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/8-arid-place-palmerston-act-2913-63398-image-0.width-800_EwwTvar.jpg" width="800">The newly-renovated home is flooded with light and infused with neutral and modern tones.“It’s got a wonderful northerly aspect and a lot of glass windows to take advantage of that,&quot; Troy says.&quot;So you get a lot of natural light coming through all the living areas.“The quality of the finishes in the bathrooms is also a highlight.”<img alt="8-arid-place-palmerston-act-2913-63398-image-0-20220911234740162913-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/8-arid-place-palmerston-act-2913-63398-image-0.width-800_TjDL5Ul.jpg" width="800">With a split-level design, the home has two separate living areas, a formal and informal space, so the kids and parents can have their own spaces.The kitchen offers access to the alfresco area and features a gas cooktop, a double drawer dishwasher and ample cupboard space.“The blend of pastel colours complement the neutral tones of the home nicely too,&quot; Troy says.<img alt="8-arid-place-palmerston-act-2913-63398-image-0-20220911234743850806-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/8-arid-place-palmerston-act-2913-63398-image-0.width-800_E7mJhqM.jpg" width="800">The property&#x27;s bedrooms are all generous and can fit a queen-sized bed. The master bedroom features a walk-in robe and ensuite bathroom, while the other two bedrooms have built-in mirrored robes.“When it comes to the bathrooms, the combination of high-quality finishes and neutral tones also stand out,&quot; Troy says.<img alt="8-arid-place-palmerston-act-2913-63398-image-0-20220911234744823051-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/8-arid-place-palmerston-act-2913-63398-image-0.width-800_Pr8RRXN.jpg" width="800">But the ‘wow factor’ is outside: the newly-installed Merbau timber deck.“The timber is beautiful. It’s the first thing that catches your eye as you step outside into the alfresco area,&quot; Troy says.&quot;The family room flows onto the fully covered timber deck, and it’s just perfect for family gatherings and barbecues.“The kids have the space and opportunity to play in the backyard and run around, or even have pets, while the parents can have their own zone.”<img alt="8-arid-place-palmerston-act-2913-63398-image-0-20220911234746228164-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/8-arid-place-palmerston-act-2913-63398-image-0.width-800_dgdQeHi.jpg" width="800">The home has ducted heating and cooling, plus a 3.5-star energy rating which ensures all-year-round comfort. It also features a double garage, Colorbond fencing, well-maintained landscaping and established fruit trees.“I think what draws young families the most about this property is the proximity to Palmerston Primary School,” Troy says.“Gungahlin Town Centre is also only a five-minute drive away, offering a variety of stores and eateries.“There’s so much to like about this property, and we’ve seen a lot of interest in it so far.”<img alt="8-arid-place-palmerston-act-2913-63398-image-0-20220911234747963486-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/8-arid-place-palmerston-act-2913-63398-image-0.width-800_daFxgq1.jpg" width="800">Number 8 Arid Place, Palmerston, goes to auction at 11am on Saturday 24 September 2022.<a href="https://zango.com.au/sale/8-arid-place-palmerston-act-2913-63398/" rel="nofollow" target="_blank">View the full listing</a>.Article originally written and published by <a href="https://the-riotact.com/an-offering-of-peace-and-quiet-and-easy-living-in-palmerston/591382" rel="nofollow" target="_blank">The RiotAct</a>.

Split-level Palmerston home offers an entirely separate wing for the kids

While COVID-19 has now been with us for almost two laps around the sun, it still continues to throw curveballs making it hard to predict its impact when restrictions are imposed. Like with most industries, real estate agents in Canberra were uncertain how the most recent lockdown and related restrictions would impact the market. Would people buy homes sight unseen? Would buyers be happy to bid via online auction?For <a href="/agencies/ray-white/">Ray White Canberra</a> at least, the lockdown barely caused a blip on the radar for their sales. During the period, the team sold 99 homes to a total value of $92 million. Of the 99 sales, 85 were sold by auction, with a total clearance rate of 96.6%.These results even included a number of property records.Like for <a href="/agencies/ray-white/">Ray White Canberra</a> sales consultant and auctioneer <a href="/agents/troy-reddick/">Troy Reddick</a>, who set the new record in Macquarie, selling <a href="/sale/27-liverpool-street-macquarie-act-2614-46442/">27 Liverpool Street</a> for $1,730,000, a whopping $460,000 above the previous suburb record. The five bedroom home on a 1562sqm block is an entertainer’s delight, with an in-ground pool, a large undercover deck, multiple living areas and a separate studio.Just two days later, Troy and fellow <a href="/agencies/ray-white/">Ray White Canberra</a> agent <a href="/agents/leonie-mayberry/">Leonie Mayberry</a> set another record, this time in the suburb of Cook, when <a href="/sale/23-atkinson-street-cook-act-2614-47356/">23 Atkinson Street</a> sold for $1,550,000.<img alt="23 Atkinson Street COOK.png" class="richtext-image full-width" height="534" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/23_Atkinson_Street_COOK.width-800.png" width="800">Ray White Canberra agent <a href="/agents/cameron-6/">Cam Whitnall</a> also just set the sales record for Old Kambah with <a href="/sale/6-bowler-place-kambah-act-2902-47239/">6 Bowler Place</a>, selling it for $1,541,000 on October 14. The online auction had 24 registered bidders, which also set <a href="/agencies/ray-white/">Ray White Canberra</a>’s record for most bidders for an online auction during lockdown.Troy said the team didn’t expect such outstanding results. In fact, they expected quite the opposite.“We expected a drop in sales due to the challenges around showing homes and bringing properties to market. We have been surprised by the high level of purchaser confidence, which is evident by the number of established homes which were purchased completely site unseen,” says Troy.“We worked tirelessly at the beginning of lockdown to create a process that we believed would give buyers confidence to bid, as well as personalise the online experience. We have had great feedback that the process of bidding via our online auctions has been excellent for the customer, and this has in turn led to greater competition for our sellers with an average of 7.4 registered bidders per auction. We will look to continue with this process even after lockdown ends.”<img alt="6 Bowler Place KAMBAH.png" class="richtext-image full-width" height="532" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/6_Bowler_Place_KAMBAH.width-800.png" width="800">For all of the properties, the agents were heavily reliant on digital marketing.“Virtually all of our listings are now relying on Zango our as major portal, including the two suburb record sales last week. Our enquiry levels have never been better and our strong results are proving this. Owners are thrilled with the sale prices and the savings in advertising,” says Troy.While restrictions are easing in Canberra, the next potential challenge for the property market is the upcoming Australian Prudential Regulation Authority (APRA) changes to lending criteria to ensure buyers now have a bigger buffer against potential interest rate rises.The changes may mean buyers will have a reduced borrowing capacity, which has the potential to impact property prices, but Troy says they don’t expect a massive impact on the market in Canberra.“The ACT continues to record the lowest unemployment and the strongest household wages of any of the capital cities, so I expect any impact in house prices will be minimal,” says Troy.

3 news articles with tag troy-reddick

70 properties to be auctioned in a single weekend as part of Ray White summer event

Split-level Palmerston home offers an entirely separate wing for the kids

Lockdown doesn’t slow sales, or new records, for Ray White Canberra