First home buyer nabs Rockdale house for less than seller’s asking price

A Pyrmont unit sold to a first home buyer for $642,500.A first home buyer from Maroubra has landed the keys to a semi-detached house in Rockdale for $1,472,000 – less than the sellers’ asking price.

The first timer placed the winning bid of $1,472,000 after the sellers, who are making a tree change to Bargo, agreed to meet the market and reduce their $1.5 million reserve. In Pyrmont, one of the more affordable units in the city traded from one first home buyer to another.sold for $642,500 in a single-bidder auction.

LJ Hooker Pyrmont and Ultimo’s John Zheng said the seller, who was upgrading with his family, was happy to drop his reserve to help the buyer out.“He understands how hard it is to buy a property without parent help, so he was quite understanding and was happy to negotiate the reserve,” he said.“So it’s a win-win situation. The vendor can move on, and the successful buyer can move into their first home.”Pyrmont’s median unit price dropped 2.7 per cent to $1.

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