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A six-bedroom home in Palmerston has set a new suburb record after it sold for $1.2 million via private negotiations on Thursday, surpassing the previous benchmark by $160,000. The new buyers of 208 Kosciuszko Avenue were the first people who inspected the property within hours of it listing on the market, selling agent Vinko Milicevic of IQ Real Estate said. “While it was on the market for a few days, the new buyers knew they had to have it within the first few hours the house was online,” Mr Milicevic said. “We received a call from this party within hours of the house listing on the market, who asked if they could come and take a look at the property that same day … they came through and made an offer right off the bat.” Mr Milicevic said the vendors decided to hold off on accepting the offer but eventually took it after a few days. “It was love at first sight, basically,” he said. “They (the buyers) have been looking for a house for two years in the Gungahlin region but couldn’t find anything that ticked all their boxes, and when they saw this house, they just knew.” Buyers were drawn to the property’s overall presentation, its floor plan and the gardens at the front and rear of the home that have been lovingly tended over the years. According to government records, the vendors purchased the 651 square metre block in 2002 for $125,000. Mr Milicevic said the vendors built the home from scratch and “spared no expense” in doing so. “We were told numerous times that the listing photos brought people through, but when they were physically walking through the house, it was even better,” he said. “It had a wow factor to it, and you could tell that the sellers took pride in the home. It was meticulously maintained over the years.” After 18 years, the vendors have decided to part with the house to downsize. Government records show Palmerston’s previous record was set in 2018 by a house at 24 Feathertop Street, which sold for $1.04 million. This latest sale comes after Allhomes revealed the details of 31 suburb records for 2020, including the sale of 25 Mugga Way, Red Hill which claimed the highest recorded sale price in the ACT. “Despite economists and banks anticipating a gloomy market amid the pandemic, Canberra really bucked that trend,” Mr Milicevic said. “The market is really active at the moment. With the low stock available and the high demand, it really is a seller’s market in Canberra.”
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A six-bedroom home in Palmerston has set a new suburb record after it sold for $1.2 million via private negotiations on Thursday, surpassing the previous benchmark by $160,000.
The new buyers of 208 Kosciuszko Avenue were the first people who inspected the property within hours of it listing on the market, selling agent Vinko Milicevic of IQ Real Estate said.
“While it was on the market for a few days, the new buyers knew they had to have it within the first few hours the house was online,” Mr Milicevic said.
“We received a call from this party within hours of the house listing on the market, who asked if they could come and take a look at the property that same day … they came through and made an offer right off the bat.”
Mr Milicevic said the vendors decided to hold off on accepting the offer but eventually took it after a few days.
The vendors decided to part with the house to downsize. Picture: Shutterstock
“It was love at first sight, basically,” he said.
“They (the buyers) have been looking for a house for two years in the Gungahlin region but couldn’t find anything that ticked all their boxes, and when they saw this house, they just knew.”
Buyers were drawn to the property’s overall presentation, its floor plan and the gardens at the front and rear of the home that have been lovingly tended over the years.
According to government records, the vendors purchased the 651 square metre block in 2002 for $125,000.
Mr Milicevic said the vendors built the home from scratch and “spared no expense” in doing so.
“We were told numerous times that the listing photos brought people through, but when they were physically walking through the house, it was even better,” he said.
“It had a wow factor to it, and you could tell that the sellers took pride in the home. It was meticulously maintained over the years.”
After 18 years, the vendors have decided to part with the house to downsize.
Government records show Palmerston’s previous record was set in 2018 by a house at 24 Feathertop Street, which sold for $1.04 million.
This latest sale comes after Allhomes revealed the details of 31 suburb records for 2020, including the sale of 25 Mugga Way, Red Hill which claimed the highest recorded sale price in the ACT.
“Despite economists and banks anticipating a gloomy market amid the pandemic, Canberra really bucked that trend,” Mr Milicevic said.
“The market is really active at the moment. With the low stock available and the high demand, it really is a seller’s market in Canberra.”
