Company buys North Parramatta cottage for $1.1 million to help workers with cost of living

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Company buys North Parramatta cottage for $1.1 million to help workers with cost of living | TawarRazaghi

A wool company bought it for their workers to help attract and retain staff in a bid to help with the cost of living.A multi-generational family bought a house in Denistone for $3.72 million.In a bid to attract and retain staff, a wool company has bought a house in North Parramatta for $1.1 million at auction for its workers to live in during the week to help them save time and money amid the rising cost of living., which had a price guide of $1 million.

Just one buyer participated in the auction of the three-bedroom property, which started and finished on a single bid of $1.1 million, bang on reserve. “With the cost of living, it’s difficult to save money, so this is something to help our staff so they can buy their own home when they are ready.“To save time and money if staff don’t own a home, we can assist them and support them. It’s a very convenient [location]. You can walk to the shops, to the train stations.”

North Parramatta’s median house price rose 6 per cent to $1.1 million in the year to March 2022 on Domain data.They were one of seven parties, a mix of young families and upgraders, who registered to bid on the home, which had a price guide of $2.1 million.

 

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