Correct. And for that price I can tell you won't be able to get anything in Sydney for a brand new apartment with that sort of distance to the city.
The other day I went to look at the crown project at Parramatta. The price for 1 bedder is around 750+.
Good luck
Hoon,
I agree, as per CosmicTrevor comment above, it's not the end of the world and the price is not too bad.
If you can't withdraw, just keep it and hold it out for a while.