Jonny Warren Properties Scores Standout Sale at Auction

Jonny Warren Properties Scores Standout Sale at Auction

Jonny Warren Properties Scores Standout Sale at Auction

We are thrilled to announce the successful sale of 23 Orange Thorn Crescent in Banks, which sold under the hammer on Saturday morning for $1,431,000, and it’s well above expectations.

This architect-designed, split-level home was on the market for just three weeks and attracted strong interest. With three registered bidders, the auction opened at $1.3 million and quickly gained momentum before reaching the final sale price, nearly double the suburb’s median price of $744,000.

23 Orange Thorn Crescent, Banks, sold for $1,431,000 at auction
23 Orange Thorn Crescent, Banks, sold for $1,431,000 at auction

Jonny was pleased with the result, noting the strong campaign leading up to auction. “We are seeing really strong activity out there at the moment, but pricing-wise – outside of the auction today, which was a crazy outcome – I think prices are still sustaining, and we haven’t seen an increase.”

A key factor in this successful outcome was the home’s prime location, backing onto the Rob Roy Range Nature Reserve, as well as our pre-market efforts, including repainting and landscaping, to ensure it was presented at its very best.

Built in 2008 and designed by Adrian Lance of Heyward Lance Architecture, this home was thoughtfully tailored for family living. Its open-plan kitchen, spacious living areas, and seamless indoor-outdoor flow made it highly appealing to buyers.

Open-plan kitchen, spacious living areas, and seamless indoor-outdoor flow made it highly appealing to buyers.
Open-plan kitchen, spacious living areas, and seamless indoor-outdoor flow made it highly appealing to buyers

The successful buyer had been searching in the area and had missed out on a neighbouring property the week prior, making them determined to secure this home.

Jonny also commented on the current market: “It could do one of two things, which is to send a mad demand of houses to the market and create a big rush, [or] it might saturate the market.”

Source: South Canberra home sells for impressive sum in strong market

READY TO TELL YOUR HOME’S STORY THIS 2025?

With continued buyer demand for well-presented homes in desirable locations, we remain focused on helping our sellers achieve the best possible results. If you’re thinking of selling, get in touch with our team to discuss your options.

📞 0431 797 891
📩 jonny@jonnywarren.com.au
💻 jonnywarren.com.au

RBA Cuts Rates to 4.10% – What This Means for Canberra’s Property Market in 2025

RBA Cuts Rates to 4.10% – What This Means for Canberra’s Property Market in 2025

RBA Cuts Rates to 4.10% – What This Means for Canberra’s Property Market in 2025

The Reserve Bank of Australia has reduced the cash rate to 4.10%, lowering borrowing costs in an effort to support economic stability. This decision follows a steady decline in inflation, which fell to 3.2% in the December quarter, indicating that previous interest rate hikes have successfully curbed inflationary pressures. 

Wage growth has slowed, and housing cost inflation is easing, which provides some relief for households and businesses. 

However, despite these improvements, the RBA remains cautious about the broader economic outlook, citing uncertainties in productivity growth, global economic stability, and the labour market.

From left to right: Benny Powers, Jordan Martin, Tahlia Scott-Miller, Jonny Warren, Morgan Smithies, Ellie Brault.<br />
SOURCE: Gallery: 2025 Canberra Raiders Jersey Sponsor Event
RBA Cuts Rates to 4.10% – What This Means for Canberra’s Property Market in 2025

How This Affects Canberra’s Real Estate Market

Canberra’s property market stands apart from the rest of the country due to its stable government sector, consistent demand for housing, and a strong rental market. 

The RBA’s rate cut is expected to have several significant implications for buyers, sellers, and investors in the nation’s capital.

1. Increased Buyer Confidence & Market Activity

Lower interest rates reduce the cost of borrowing, which could encourage more buyers to enter the market. Many potential homebuyers who had postponed purchasing due to high interest rates may now feel more confident about taking the plunge. 

This is particularly relevant for first-home buyers, who may see this as an opportunity to secure a mortgage with lower repayments.

2. Potential Rise in Property Prices

As buyer demand increases, Canberra’s property prices may see a modest rise, particularly in high-demand suburbs. Lower borrowing costs can lead to greater competition among buyers, which could drive property values upward. 

In sought-after areas such as Inner North and Inner South, we may see a quicker turnaround in sales and stronger auction clearance rates.

3. Investors Re-Evaluating Opportunities

Canberra’s rental market remains tight, with low vacancy rates and strong rental yields. Over the past year, higher interest rates had discouraged some investors, but with the RBA signaling some monetary easing, investor activity may increase. 

Suburbs like Belconnen and Greenway, known for their high rental demand, could see renewed investor interest.

4. Refinancing & Upgrading Opportunities

For existing homeowners, the rate cut presents an opportunity to refinance mortgages and secure better loan conditions. Many homeowners who were holding off on upgrading due to higher borrowing costs may now consider selling and moving into larger properties. 

This could create more movement in the mid-to-upper property markets, where families look to capitalize on improved affordability.

5. Boost to Construction & Development

Developers and builders have faced challenges due to increased costs and slower sales, but the rate cut could improve sentiment in the off-plan market. 

Apartment and townhouse developments across Canberra may attract more buyers, particularly first-home buyers looking for more affordable entry points into the market. 

Increased construction activity would also support jobs in the housing sector, which has been under pressure from high material and labor costs.

From left to right: Benny Powers, Jordan Martin, Tahlia Scott-Miller, Jonny Warren, Morgan Smithies, Ellie Brault.<br />
SOURCE: Gallery: 2025 Canberra Raiders Jersey Sponsor Event
Aerial view of Canberra from the peak of Mt. Ainslie

A Gradual Shift, Not a Property Boom

While this rate cut is a step in the right direction, the RBA remains cautious about inflation risks and broader economic uncertainties. 

As a result, Canberra is unlikely to experience a dramatic property boom, but rather a steady recovery in buyer confidence and sales activity. If further rate cuts follow in 2025, the momentum in the real estate market could strengthen even more.

Final Thoughts: What Should Buyers, Sellers & Investors Do?

  • Buyers: If you’ve been waiting to enter the market, now may be a good time to act before competition increases and property prices rise further.
  • Sellers: With buyer confidence improving, listing your property in the coming months could attract more interest and potentially higher offers.
  • Investors: Canberra’s rental market remains strong, making it a good time to consider high-yield investment properties before further rate cuts drive prices up.

This rate cut presents a pivotal moment for Canberra’s property market. Staying ahead of market trends and making strategic moves will be key to maximizing opportunities in 2025.

Source: Statement by the Reserve Bank Board: Monetary Policy Decision

Jonny Warren Properties & Canberra Raiders: A Stronger Partnership in 2025

Jonny Warren Properties & Canberra Raiders: A Stronger Partnership in 2025

Jonny Warren Properties & Canberra Raiders: A Stronger Partnership in 2025

Jonny Warren Properties is proud to continue its partnership with the Canberra Raiders for a third straight year. Supporting the Raiders means backing a team that represents dedication, resilience, and a passion for the game—all of which are values that we both share as a small family business in Canberra.

From left to right: Benny Powers, Jordan Martin, Tahlia Scott-Miller, Jonny Warren, Morgan Smithies, Ellie Brault.<br />
SOURCE: Gallery: 2025 Canberra Raiders Jersey Sponsor Event
From left to right: Benny Powers, Jordan Martin, Tahlia Scott-Miller, Jonny Warren, Morgan Smithies, Ellie Brault. SOURCE: Gallery: 2025 Canberra Raiders Jersey Sponsor Event

At the 2025 Jersey Sponsor Event held at The Marion on Tuesday night, JWP secured jersey number #13, which will be worn by Morgan Smithies and Jordan Martin this season. We’re excited to see them in action and to support their journey throughout the year.

 

Beyond the action-packed games, this partnership is all about giving back. In 2025, the JWP team is continuing its tradition of game-day events, exclusive ticket giveaways, and fan competitions to bring the Raiders community even closer to the action.

2025 Canberra Raiders Jersey Sponsor Event
2025 Canberra Raiders Jersey Sponsor Event

Jonny Warren Properties is committed to giving back and staying actively involved in the community. Through ongoing initiatives and local support, we aim to create meaningful opportunities that bring people together and make a lasting impact.

BE PART OF OUR STORY IN 2025

Stay tuned for exciting events, giveaways, and game-day experiences throughout the season. Follow us for updates and be part of the action!

 

📞 0431 797 891

📩 jonny@jonnywarren.com.au

💻 jonnywarren.com.au

 

See you at the games—let’s make 2025 a season to remember! 💚🧡🏉

Key Preferences of Canberra’s Homebuyers in 2024

Key Preferences of Canberra’s Homebuyers in 2024

Key Preferences of Canberra’s Homebuyers in 2024

Despite the lack of interest rate cuts in 2024, Australia’s property market held strong. In Canberra, homebuyers shifted their priorities, favoring scenic views over swimming pools, according to the Domain End of Year Wrap 2024 report

Jonny Warren attributed this trend to practicality. “Pools aren’t particularly practical in Canberra, as they’re only used for about three months of the year, whereas a view can be enjoyed year-round,” he said.

In 2024, homebuyers in Canberra leaned towards scenic views over having pools. Photo: 9 Dolly Street, Googong
In 2024, homebuyers in Canberra leaned towards scenic views over having pools. Photo: 9 Dolly Street, Googong

With a turbulent year, buyers sought homes that offered serenity and relaxation. 

It’s been a rollercoaster year full of uncertainty, and many people just want a place where they can come home and unwind,” Jonny added. 

We recently sold a property in Gordon to a couple with high-profile jobs who were seeking exactly that.

Living room photo of 21 Hickenbotham Street, Gordon, property listing of Jonny Warren Properties
Photo: 21 Hickenbotham Street, Gordon

Beyond views, functionality was a key focus in 2024. Searches for “garage” climbed from 12th to fourth place, reflecting increased demand for secure parking and storage. Terms like “dual living”, “courtyard”, and “RZ2” also remained popular, signaling interest in affordable housing options such as duplexes and split blocks.

In contrast, searches for “study” dropped from second place in 2022 to 11th in 2024, as more workers returned to traditional office environments.

Another key trend was the rising interest in properties outside the ACT. Nearly 47% of Canberran searches targeted NSW, likely driven by the search for more affordable housing while staying close to Canberra.

This year’s data shows a clear preference among Canberra’s buyers for lifestyle, practicality, and affordability, with many embracing new priorities in a changing property market.

Source: What were Canberra’s property seekers looking for in 2024?

Former Raiders Captain Elliott Whitehead’s Canberra House Sale: Another Success Story for Team JWP

Former Raiders Captain Elliott Whitehead’s Canberra House Sale: Another Success Story for Team JWP

Former Raiders Captain Elliott Whitehead’s Canberra House Sale: Another Success Story for Team JWP

We are thrilled to celebrate another significant milestone with the successful sale of former Canberra Raiders captain Elliott Whitehead’s property at 85 Tazewell Circuit, Nicholls. The property achieved a remarkable $1.275 million.

The sale comes despite a major shift in Canberra’s property market. As supply levels increase, buyers have more options, which makes sellers more competitive.  

Pre-auction sales have increased as a result of this dynamic, and we’re happy to report that this property was no exception. It has prompted vendors to modify their expectations to reflect the state of the market.

Spacious and stylish living room interior at 2/36 Larakia Street in Waramanga, showcasing Canberra’s vibrant summer property market.
85 Tazewell Circuit, Nicholls

Elliott purchased the home during Canberra’s peak market two years ago for $1.3 million. 

“It was a campaign with mixed emotions,” Jonny mentioned, adding, “Some buyers wanted a larger yard, while others were seeking a premium residence.

“Canberra’s market is about 10 per cent down on what it was two years ago, so the price achieved was above expectations.”

Jonny shared that about 70% of the agency’s listings were being sold prior to auction, adding: “There’s definitely a lot of stock on the market, giving buyers plenty of choice.”

While the house market is experiencing robust activity, the apartment sector remains more challenging. However, our dedication to our clients extends across all segments. 

Recently, we successfully sold a three-bedroom unit in Belconnen after nine weeks on the market, securing a price of $420,000.

Spacious and stylish living room interior at 2/36 Larakia Street in Waramanga, showcasing Canberra’s vibrant summer property market.
6/31 Disney Court, Belconnen

We aim to handle the market’s complexities with skill, flexibility, and a strong commitment to our clients. These successes show our dedication. Even with the challenges, we’re happy to keep delivering great results.

Cheers to more successes ahead!

Source: Former Raiders captain Elliott Whitehead’s Canberra house sale a sign of market adjustment

Canberra’s Property Market Ignites – Is This Summer the Season for Smart Buyers?

Canberra’s Property Market Ignites – Is This Summer the Season for Smart Buyers?

Canberra’s Property Market Ignites – Is This Summer the Season for Smart Buyers?

As summer heats up, so does Canberra’s property market, with notable sales signaling fresh opportunities for eager buyers. Still being a buyers’ market, recent auctions show strengthening demand, creating momentum for both buyers and sellers across the region.

One such sale took place in Waramanga, where our very own Jonny Warren successfully auctioned a four-bedroom home at 2/36 Larakia Street for $950,000. After an opening bid of $850,000, the property found its new owners: a couple relocating from Sydney, seizing the chance to call Canberra home once again.

Spacious and stylish living room interior at 2/36 Larakia Street in Waramanga, showcasing Canberra’s vibrant summer property market.
2/36 Larakia Street, Waramanga, sold for $950,000.

“The couple had been living in Sydney for the past six months and were relocating back to Canberra,” Jonny said.

The stylish residence boasts flexible living spaces and sits conveniently near schools, parks, shops, and popular sports facilities, adding significant appeal.

Jonny Warren attributes the successful sale to the right pricing strategy and listening to buyer feedback.

With 124 auctions scheduled last weekend, Canberra’s auction clearance rate remained steady at 49 percent, a notable improvement from the 41 percent rate recorded at this time last year. 

The figures underscore that while buyers continue to hold sway, the market’s activity is heating up fast – setting the stage for an exciting summer in Canberra real estate.

Source: Canberra auctions: Property market heats up in time for summer