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Canberra’s Housing Auctions: A Mixed Bag of High Hopes and Market Realities

Canberra’s Housing Auctions: A Mixed Bag of High Hopes and Market Realities

Canberra’s Housing Auctions: A Mixed Bag of High Hopes and Market Realities

In the recent report of AllHomes, there is a shadow of potential interest rate hikes. Canberra’s latest round of property auctions presented a complex picture. While a number of homes failed to meet their reserve prices, suggesting a cautious approach from buyers, there were still instances of competitive bidding leading to satisfactory sales.

Key insights came from Jonny Warren, who shared his experience with a property at 3 Lines Street in Holder. The auction saw eight interested bidders and spirited competition, pushing the price to $1.58 million.

“With an opening bid of $1 million, spirited bidding pushed the price to $1.58 million, where the property was passed in,” he said. We’re expecting the home to sell within the next day or so, with the asking price set at about $1.65 million. We have interest from an overseas buyer who placed the final bid and two local families who are still interested in purchasing the home.”

This property, a renovated four-bedroom house on a 1076 square metre block, symbolises the current state of the market: high interest but also a degree of caution among buyers. Similarly, in Latham, a turnkey three-bedroom home attracted attention but passed in at $825,000, the same figure as its asking price. The property, appealing to first-home buyers and investors alike, failed to cross the bidding threshold.

The trend continued in Coombs, where a three-bedroom townhouse, perfect for young couples or small families, was withdrawn from auction and is now listed with an asking price above $700,000. Despite its excellent condition and attractive features, the property exemplifies the current hesitation in the market.

In a contrasting narrative, a family home in Kambah, on the market for the first time in five decades, found success under the hammer, selling for $850,000 to a first-home buyer. The well-presented three-bedroom home on a 791 square metre landscaped block stands out as a beacon of success in a market marked by uncertainty and selective buying.

These varied outcomes at Canberra’s auctions paint a picture of a market in flux. High interest and competitive bidding in some quarters are juxtaposed against a backdrop of caution and strategic restraint in others. The insights from Jonny Warren and others in the real estate sector underscore this dynamic, where even properties with high bidder turnout are not guaranteed to meet sellers’ expectations.

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Jonny Warren Properties sponsoring the Canberra Raiders in 2023!

Jonny Warren Properties sponsoring the Canberra Raiders in 2023!

Jonny Warren Properties sponsoring the Canberra Raiders in 2023!

Jonny Warren Properties is proud to continue to sponsor the mighty Canberra Raiders for a second consecutive year.

At the 2023 Jersey Sponsor Event, Jonny Warren Properties drew jersey Number #12, worn by the team captain Elliott Whitehead and Corey Harawira-Naera.

“We love supporting the local community in any way we can. We’re big Raiders fans, like everyone else, so it’s an honour to sign on as sponsors again this year.” Director, Jonny Warren said.

Thanks to the Raiders partnership, Jonny Warren Properties has more opportunities to engage with the community during 2023, including:

  • Gifting clients with Raiders Game tickets and merchandise
  • Running competitions with Raiders Game tickets and merchandise as prizes
  • Hosting Raiders Game Day events, like a halftime shows during home games
  • and so much more!

“The Raiders sponsorship is just one example of the ongoing support we provide to the local community,” Jonny said.

“Over the previous years Jonny Warren Properties have hosted an escapade golf day, for Camp Quality in 2021, and have sponsored the ACT Brumbies Super W team in 2022. We plan to continue to back many more community causes in 2023 and the years ahead.”

Want to sell your home through a real estate agency that supports the local community? Contact Jonny Warren by filling in this form, calling 0431 797 891 or emailing jonny@jonnywarren.com.au.

(Photo courtesy of the Canberra Raiders, 2023).

Jonny Warren Properties sponsoring the Canberra Raiders in 2023!

Award-Winning Agency Positions Itself for BIG 2023!!

Award-Winning Agency Positions Itself for BIG 2023!!

Award-Winning Agency Positions Itself for BIG 2023!!

Jonny Warren Properties has revealed exciting growth plans for next year, after a strong 2022 that saw the company continue expanding and win a coveted industry award.

After beginning 2022 with three staff, Jonny Warren Properties now has a headcount of nine. That includes Jonny Warren, the principal, as well as:

  • Mick Spencer – Company Chairman
  • Tash Hannaway – Business Manager
  • Sean Tognella – Sales Associate
  • Jake Winters – Sales Executive
  • Tara Davaris – Sales Executive
  • Tim Davaris – Sales Executive
  • Kimberley McLarty – Head of Property Management
  • Raphael Rillon – Marketing Manager

“Part of the reason we’ve grown the team throughout 2022 is because we’ve been selling more homes and taking over the management of more rental properties,” Jonny Warren said.

“But that growth also reflects our ambition and high standards. We want to become the best family-run real estate agency in Canberra, which means investing in talent.

“During 2022, we significantly increased the amount of time and money we invest into upskilling and training, putting us way above the industry standard. 

“We want our staff to progress from being good agents to great agents. They’re fully on board with that goal, because all the people at Jonny Warren Properties have growth mindsets.

“We plan to further grow the team in 2023, as a larger team will allow us to serve more clients, and do so to an even higher standard.”

“With that said, we’re very selective in who we recruit. Jonny Warren Properties has a client-centric, can-do culture, so anyone who joins the team has to share those values and be strongly committed to ongoing self-improvement.”

 

 

Jonny Warren Named ACT Property Marketer of the Year

One of Jonny Warren Properties’ highlights for 2022 was the company’s performance at the Real Estate Institute of the ACT’s annual Awards For Excellence, in September.

Jonny Warren won the Property Marketer of the Year award for his campaign to promote the sale of 20 Chauvel Circle, Chapman, which he sold for a suburb record of $3.1 million. The centrepiece of the marketing campaign was an emotional video that told the story of the vendors and their property.

Now that he’s won the Property Marketer of the Year award at state/territory level, Jonny has advanced to the national finals, which will be held in Perth in March 2023.

Jonny Warren Properties was also finalist for four other awards at the ACT Awards For Excellence:

  • Small Residential Agency of the Year
  • Residential Salesperson of the Year
  • Rookie of the Year
  • Operational Leadership Person of the Year

 

Meet the Company’s Newest Recruit

Another major highlight for 2022 was the arrival of Jonny Warren and Belinda Le Ruez’s beautiful baby boy, Jett Warren, who was born in November.

Both parents are madly in love with little Jett.

Jonny Warren Properties Competing for Big Honours After Record-Breaking Year

Jonny Warren Properties Competing for Big Honours After Record-Breaking Year

Jonny Warren Properties Competing for Big Honours After Record-Breaking Year

Jonny Warren Properties has been nominated in a remarkable five categories in the Real
Estate Institute of the ACT’s annual Awards For Excellence.

Jonny Warren Properties will be competing in these categories at the awards night:

● Small Residential Agency of the Year
● Residential Salesperson of the Year
● Property Marketer of the Year
● Rookie of the Year
● Operational Leadership Person of the Year

 

Small Residential Agency of the Year

This award recognises excellence among real estate agencies with a maximum of 10 staff
during the 2021-22 financial year. To be nominated as a finalist, Jonny Warren Properties
had to share its:

● Most significant achievements
● Most successful marketing strategies
● Best examples of customer service
● Professional development strategies

 

Residential Salesperson of the Year

The company’s principal, Jonny Warren, was nominated for Residential Salesperson of the
Year, which is for the ACT agent that produced the best performance during the 2021-22
financial year. To receive the nomination, Jonny had to provide:

● His most significant listing and selling achievement
● Examples of outstanding customer service
● Examples of outstanding leadership within his company and the wider industry
● The biggest challenges he overcame

 

Property Marketer of the Year

Jonny was also nominated for Property Marketer of the Year, which recognises outstanding
achievement by ACT real estate agents in property marketing during the 2021-22 financial
year. That came after Jonny revealed:

● His best marketing campaign
● The research he conducted before launching the campaign
● What made the campaign unique
● Why the campaign was successful

 

Rookie of the Year

Jonny Warren Properties’ rising star, Sean Tognella, is in the running for the ACT’s Rookie
of the Year award, which recognises excellence amongst newcomers to the industry during
the 2021-22 financial year. To receive his nomination, Sean had to explain:

● His role and responsibilities
● His most significant achievement
● His commitment to ethics and good practice
● How he drove innovation and inspired others to do the same

 

Operational Leadership Person of the Year

Finally, Jonny Warren Properties was also recognised in the Operational Leadership Person
of the Year category, which recognises outstanding individuals working in operational
leadership positions during the 2021-22 financial year.
Finalists had to explain how they:

● Contributed to their company
● Supported their colleagues
● Demonstrated quality customer service by successfully resolving a conflict
● Showed initiative

 

A record-breaking year

Jonny sold 61 properties and set four suburb records during the 2021-22 financial year.

One of Jonny’s suburb records was for 20 Chauvel Circle, Chapman, which sold for $3.1
million – $500,000 over the previous suburb record. A large part of the reason the vendors
got such a strong result was because of the incredible video Jonny created:

● The video went viral on Facebook
● That attracted the attention of realestate.com.au
● Their article attracted the attention of other media outlets (including the Daily Mail
and Domain)
● That publicity led to very high levels of buyer interest
● The home was sold to a couple who only found out about the listing because a friend
shared the video with them

 

If you want to know how Jonny Warren could help you get top dollar for your home,
contact him on jonny@jonnywarren.com.au or 0431 797 891.