Stu Hamill secured $975,000 for a two-bed apartment at The Capitol Residence in Canberra’s Civic district after four offers from four different parties, with the successful buyer committing one day before auction.
The campaign for 1310/39 London Circuit ran for 23 days with a deliberate strategy: no upfront price guide, multiple weekly inspections, and letting the market reveal where buyers saw value.
“We were opening the property twice during the week and once or twice on the weekends, ensuring that we gave an ability for everyone to be able to visit the property in a timely fashion before auction,” Stu said.
“We didn’t set a price initially. We asked the market for feedback and then courted offers of where our buyers saw value.”
What buyers noticed
The two-bed, two-bath, two-car space apartment’s dual-level layout became the talking point at inspections.
Buyers commented on the Black Mountain aspect, the natural light flooding both levels, and the dual verandas — an open veranda on the top floor and a covered veranda below.
The separate laundry, quality finishes throughout The Capitol building, and the secure two-car spaces all drew attention.
“People loved the aspect towards Black Mountain. They love the dual level living, the large amounts of natural light, the beautiful finishes throughout the property,” Stu said.
“They loved the fact that it had a separate laundry. They loved the fact that the top floor had an open veranda and the bottom floor had a covered veranda.”
The competition story
Four offers came through from four different parties as auction day approached.
The successful buyers committed one day before the scheduled auction — but the story doesn’t end with the unsuccessful bidders walking away.
Some are still active in the Canberra market, specifically looking to buy in The Capitol building.
“The buyers, some are still in the market and are trying to buy in that building. They just didn’t have the capacity at the time,” Stu said.
That level of continued interest signals genuine demand for quality apartments in this location — valuable intelligence for anyone considering selling in the precinct.
The Civic precinct
The Capitol Residence at 39 London Circuit sits in Canberra’s central business district, opposite the Supreme Court and within 500 metres of the Australian National University. The $60 million Raising London Circuit project, completed in September 2025, has elevated the road by six metres to create better pedestrian and cycling links to the lake and public spaces, with Light Rail Stage 2A under construction on the western side. The 2020-built development offers luxury finishes with a 6-star energy rating in a precinct undergoing significant revitalisation.
About the Agent
Stu Hamill from The Agency Canberra City combines commercial strategy with genuine personal connection, drawing on a decade of C-suite and General Manager experience across agricultural and food manufacturing sectors. He approaches every sale with business acumen honed in Melbourne’s competitive inner-city market, now applied to Canberra with The Agency’s innovative platform and nationwide network. Visit Stu’s website for more information or call Stu on 0472681881.