Spring selling season in full swing – Auction result

For Linden and Hanna Coot there country dream just got one step closer, with the sale of their family home at 18 Scarlett Street, Melba at Auction on Thursday night for $540,000.

The four bedroom brick veneer home with en suite is set on an 838m2 in a quiet pocket of one of Belconnen’s most convenient suburbs. Linden, an engineer by trade, had recently completed an exacting renovation to modernise both the en suite and main bathrooms, and the house itself was beautifully presented with distant views from the back porch to the Brindabella’s.

In a sign that the RBA’s ongoing easing bias may be starting to add some momentum to the local market, the Auction was hotly contested with 5 registered bidders, and the property sold above reserve to a very happy young couple.

The Auction was conducted by Ray White Belconnen Director & Auctioneer Scott Jackson:

“It was one of our most hotly contested Auction’s for some time, and it was great to see a good crowd on hand to witness the sale. The Spring selling season is in full swing.”

For Ray White Belconnen Principal, Ben Faulks, the result reinforced that the property market may be on the improve:

“Due to its central location, renovated Westfield shopping centre and public service job opportunities the Belconnen market has remained highly sought after, and has been steady over the last 12 months, despite a pullback in other areas” said Faulks.

“In particular there is strong demand for quality second homes in the $500,000-$600,000 range, with buyers cashing in on improved affordability to take a step up the property ladder”

The property was last sold for $456,500 in March 2008.