News

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.

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

Home

View important property information for 40B Arndell Street MACQUARIE, ACT 2614

40B Arndell Street MACQUARIE, ACT 2614 is for Sale on Zango

Sales Agent ACT/NSW

Maree Van Arkel

MACQUARIE

Belconnen

ACT & Surrounds

Positioned in a quiet location for a lifestyle of ultra-convenience. Spacious original three bedroom residence with northern aspect ready for you to add a personal touch or a full renovation. Capitalise on this sought-after location within walking distance to the Belconnen Town Centre, Jamison Centre, within close proximity to the University of Canberra, Australian Institute of Sport and Canberra Stadium.

- North facing light filled living area
- Timber flooring throughout
- Great size bedrooms
- Sunny timber deck overlooking rear yard
- A stone's throw from bustling Belconnen Markets and Town Centre

Original home in superb location

MARQ Property

Population in Macquarie is 2700, with a median age of 36. This is way below the Canberra average of 40.5 and way below the national 41.6

Your new suburb is very young

Compared to other areas, singles (14%) and single parents (14%) are over represented than national average

Perfect? Families Agree

A majority of 71% live in a house, followed by 18% apartment dwellers. Households are 2.4 people on average, seems like Macquarie is the place to go for spacious living!

It's spacious too

Macquarie

40B Arndell Street MACQUARIE, ACT 2614

https://d2t3vhau9g43uy.cloudfront.net/media/__sized__/properties/images/40b-arndell-street-macquarie-act-2614-31054-image-0-20201214010117830141-crop-c0-5__0-5-1200x680-70.jpg

Distance	School	Address
0.52 km	Macquarie Primary	Bennelong Crescent, Macquarie
1.36 km	Weetangera Primary	Southwell Street, Weetangera
1.47 km	University of Canberra - Senior Secondary College Lake Ginninderra	Emu Bank, Belconnen
1.48 km	Canberra High	Bindubi Street, Macquarie
1.74 km	St Matthew's Primary	Stutchbury Street, Page
1.86 km	St Vincent's Primary	Bindel Street, Aranda
1.88 km	Belconnen High	Murranji Street, Hawker
2.17 km	Aranda Primary	Banambila Crescent, Aranda
2.22 km	Florey Primary	Ratcliffe Crescent, Florey
2.36 km	Hawker Primary	Erldunda Cicuit, Hawker

Like what you see?

Get in touch to find out more...

Like what you see?

Get in touch to find out more...

40B Arndell Street MACQUARIE, ACT 2614

Original home in superb location

Share property via

Information about this House

Sales History for 40B Arndell Street MACQUARIE, ACT 2614

Local Neighbourhood

About Macquarie

Household Composition

Dwelling Types

Occupancy Types

News & Articles about Macquarie

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

Maree Van Arkel

Follow MARQ Property on:

Share property via

Need to know more?

Arndell Street

Macquarie

Belconnen