Deakin home breaks suburb and ACT auction records

A five-bed room residence in Deakin broke data just after fetching a $6.6 million on Sunday.

The consequence established the suburb file in Deakin and also marks the optimum-price sale by way of auction in ACT heritage.

The home at 81 Dominion Circuit was marketed by Mario Sanfrancesco of Blackshaw Manuka, a identify synonymous with document-breaking sales in Canberra’s Interior South.

The dwelling was renovated in 2011 by renowned architect Paul Tilse with a U-formed floor plan, a central courtyard, and a 15-metre extensive pool with a 12-man or woman spa.

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81 Dominion Circuit, Deakin

Authorities data display Deakin’s earlier residential benchmark was established by the house at 4 Hotham Crescent when it sold in 2018 for $5.75 million. The latest sale defeat that by $850,000.

The ACT auction file was set only four months earlier, also dealt with by Mr Sanfrancesco, at 2 Grant Crescent, Griffith, which offered for $6.41 million. The Deakin sale surpassed that by $190,000.

“I was self-assured it’d set a new Deakin record simply because the calibre of the dwelling was 2nd to none,” Mr Sanfracesco said.

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81 Dominion Circuit, Deakin

“I wasn’t much too certain whether or not it’d established the general auction file but it did and that goes to clearly show that good quality residence with an helpful advertising and marketing marketing campaign, coupled with competitive bidders will get a robust sale.”

The auction brought in 10 registered bidders of which 4 parties actively participated, Mr Sanfrancesco explained.

“It kicked off at $5.5 million and increased relatively steadily until finally it arrived at $6.45 million in which we hit a little bit of a pause, followed by a few conversations and then a handful of more bids arrived it ahead of the hammer inevitably fell,” he claimed.

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81 Dominion Circuit, Deakin

A lot more than 100 people today gathered in the backyard of the residence, which stretches across a lot more than 2000 square metres of land.

“It was a attractive sunny day for an auction … we held the auction at the rear end of the home, going through the pool and everyone in attendance was rather comfortable,” he stated.

Mr Sanfrancesco extra that a amount of neighborhood, interstate and expats seeking to transfer to the funds expressed interest in the property with much more than 100 teams inspecting the dwelling during the auction marketing campaign. The eventual purchaser was a local consumer looking to upsize.

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81 Dominion Circuit, Deakin

With the federal election now set for Might 21, Mr Sanfrancesco has no qualms about it affecting the high quality conclude of Canberra’s industry.

“This end of the industry is more robust than at any time and the sheer fact that we had 10 registered bidders displays the depth of consumers seeking for a good quality dwelling,” he mentioned.

“Often, when folks are wanting for this kind of property they equipment in direction of the building procedure but lots of purchasers do not have the time for that and would instead put a cost in, turn a crucial and transfer in.

“We have federal elections each individual several years and it impacts anyone at some position to some degree but I never consider it impacts this degree of consumers simply because they are obtaining with the intent of residing in it for extra than a decade or so.”