David stoked with first home, thanks to his mum and dad
FIRST homebuyer David Gan planned to take his parents out for dinner last night after they helped him buy an apartment in Petersham yesterday for $690,000.
“I’ve got to thank them,” the 22year-old architectural assistant, said.
As is the case with most young Sydney first home buyers, Gan said there was no way he’d have been able to buy the one-bedroom apartment at 22/40 Maria St without the financial support of his mum, Julie, and father, Tony, who live in Strathfield. Sister Dana, 20, will be getting one, too.
Bresic Whitney Glebe agents Wil- liam Pereira and Joseph Ferreira had six bidders register for the stylish 69sqm unit, which also had a car spot.
Yet just two were active, Mrs Gan and another first homebuyer couple.
Initially auctioneer Gavin Croft’s call for bids was met with silence, but when he suggested someone offer $590,000, Mrs Gan was quick to comply. And then it was off, with bids quickly rising in $10,000 increments all the way to the sale price, with $40,000 above reserve.
The Gans were overjoyed, but so, too, were vendors Ben Rimmer, 34, a project manager with Rose Atkins Rimmer, and his wife, Melissa Minetti, 32, an admin assistant and mum to Max, 10 months old. “We just need something bigger,” Mr Rimmer said.
It had been Mr Rimmer’s first home when he bought it off-the-plan for $530,000 in 2013. “We got the $15,000 first homeowner grant because it was a new property and didn’t have to pay stamp duty either, so we saved about $35,000.”
The $690,000 sale price means Mr Gan gets a decent stamp duty discount because it’s under the $800,000 threshold.
Mr Pereira said the $620,000 price guide — well under the $650,000 threshold for a stamp duty exemption — had meant the property was popular with first home buyers.
Julie Gan and her son David after the auction.