In Gladstone Park, a first-home-buyer couple has won the keys to a three-bedroom home for $787,000, beating out five others.

Six keen parties, mostly first home buyers and investors, turned out to bid on 10 Elvin Close, which was listed with a price guide of $630,000 to $670,000.

One party put forward an opening bid of $640,000, which was quickly countered with a $20,000 rise.

Once the home was declared on the market at the reserve price of $680,000, Ray White auctioneer Phillip Mercieca said all six parties began bidding fiercely.

The buyers, a couple from Gladstone Park, put forward a $1000 bid to purchase the home for $107,000 above reserve.

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Mercieca said the underbidder, another first home buyer, had missed out at multiple auctions.

“It just shows a trend where first home buyers are trying to break into the market, but it’s not easy,” he said.

“That entry point price has shot up. This is an entry point home, but that [price] has definitely jumped in recent times.”