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The Canberra Times
The Canberra Times
Lucinda Garbutt-Young

Auction numbers down as Canberrans head to vote

A morning coffee, a family walk to the polling booth and a democracy snag likely describes your plans for election day, but estate agents hope you will add one extra step.

Why not head to an open home after you've voted, selling agent Bri Williams of LJ Hooker Gungahlin said.

Canberra has 69 homes set to go under the hammer this weekend, according to CoreLogic data.

A similar number of homes will be open.

It is a significant decrease from the 90 properties that were auctioned off last weekend, with a 71 per cent clearance rate - the highest since June 23.

Despite lower listing numbers, agents were expecting to repeat that clearance rate this weekend.

They said that in the past, territory elections have not affected the number of registered bidders at auctions too much.

Those who are serious about purchasing a home will "find a way to bid", Andy Greenberger of LJ Hooker Woden said.

Andy Greenberger is auctioning 22 Pinnacles Street, Harrison, this weekend. Picture supplied

But he did have a habit of scheduling open homes or auctions later on election day than at other times, given what he described as a "tendency" for ACT residents to vote early.

Ordinarily, most agents would try to schedule early in the day, with 10am being the "golden" window in the hope of beating other sales, Ms Williams said.

Election days were a little unpredictable for agents; Mr Greenberger said more people out walking may translate to increased foot traffic at open homes, but Ms Williams expected sausage sizzles would "pull people away" from open homes.

This may be because of the type of property the agents are selling.

Freestanding houses, in Mr Greenberger's case, could be easily seen and accessed from the street, compared with apartments.

The weather this weekend was a significant factor, too. At the time of writing, Canberra was due for a sunny Saturday with a top of 23 degrees.

For Mr Greenberger, that was a good time to sell.

Gardens were likely to be looking lush, and auctions could be held outside homes to showcase properties to their full extent.

Bri Williams has an open home for 909/6 Gribble Street, Gungahlin this weekend. Picture supplied

Ms Williams had been keeping an eye on the forecast for weeks.

As an agent who primarily sells apartments, she was having to "work strategically" in a subdued market.

"Weather is our highest factor when considering [when to schedule auctions]," she said.

While a sunny day was likely to secure more registered bidders, rain could lead to an auction where people were "wanting to get in and out", potentially upping the final price.

"The weather filters your buyers well," Ms Williams said.

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