🔥 Canberra Real Estate Update: Market Movement, Auctions & What’s Ahead | Luton Weekly Wrap

Welcome to this week’s Canberra real estate market update from Luton Properties! 🏡 Whether you’re a buyer, seller, or simply keeping an eye on market trends, there’s plenty happening right now—and we’re here to break it all down.

In this edition, Nick Paine and Craig Sheargold sit down to unpack what’s been happening across the Canberra property scene, what to expect post-Easter and Anzac Day weekends, and why now might be the perfect window for sellers to capitalise on less competition.

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🔄 What’s Happening in the Market Right Now?

Craig reports a noticeable bounce at the bottom of the market over the past couple of weeks. While auction clearance rates have held steady (📊 6 out of 9 auctions cleared over the weekend), the standout stat is this:

👉 45 properties across the Luton group are currently under offer, and
👉 57 contracts have already exchanged this month alone!

That’s a huge month in Canberra real estate terms—and shows continued buyer activity even outside auction results.

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🛎️ The Power of the Auction Process

Nick and Craig discussed how even properties that don’t sell under the hammer often go under offer in the weeks following auction.

“We generally find about 20% of properties go under offer in the two weeks post-auction,” says Craig.

This gives vendors valuable post-auction feedback from the market, helping them adjust price expectations and ultimately secure strong offers. 💰

If you’re considering selling, don’t underestimate the benefits of the auction process—even if your property doesn’t sell on the day, the exposure and momentum it creates can be key to finding the right buyer soon after.

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🗓️ Easter, Anzac Day & What’s Ahead

The next two weeks might seem a bit quieter due to the Easter 🐣 and Anzac Day 🌺 long weekends, but don’t let that fool you—now is a golden opportunity for active sellers.

Craig notes that while listing appointments have dropped by about 20% over the past four weeks, many sellers are using this time to prep their homes for market.

“I think May is going to be quite busy,” Craig predicts. “If I had to bet on a very active time this winter—it’s gunna be May.

Sellers currently on the market have a distinct advantage right now. Fewer listings mean less competition for your home, and motivated buyers are still out there. But once the post-holiday rush kicks in, expect a surge in listings.

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📣 Key Takeaways This Week

✅ Strong buyer activity across the Luton group
✅ Auction clearance rates remain stable
✅ Many sales occurring in the weeks after auction
✅ Quiet period now = opportunity for existing sellers
✅ Expect a busy May across the Canberra property market 🏘️

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Next week, Craig will be joined by Zoe to talk all things property management, while Nick is away. Don’t miss it if you’re a landlord or investor looking to stay ahead of the game!

Thanks for tuning in—and as always, if you’re looking to buy, sell, or simply get expert property advice, reach out to your local Luton agent today. 🙌

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