First home buyer pays $970,000 for inner west unit, as investors go quiet
A first-time home buyer purchased a two-bedroom apartment in Ashfield for $970,000 at auction, aided by financial support from his mother. The auction attracted two bidders and concluded quickly, with the property exceeding its guide price. Meanwhile, investor activity in the area has diminished as they reassess their options following recent budget changes.
- ▪The apartment was sold at auction for $970,000, with bidding starting at $960,000.
- ▪The buyer received financial assistance from his mother, who recently sold her property.
- ▪Investor interest in the area has decreased due to uncertainties following the federal budget.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.