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your guide to buying and selling at auction

This video is of the auction of the property located at 51 Deloraine Drive, Springwood. You can see how the auction unfolds from beginning to end including the successful purchaser at the end.

The background

The marketing campaign for this property was run for four weeks prior to the auction taking place. There was a total of 47 buyer inspections during the four week campaign and 12 bidders registered to purchase the property.

Auction conditions

When a property is sold at auction there are no conditions on the contract. That means no building and pest clause, no finance clause and no cooling off period. When potential buyer register to bid they agree to buy the property under these conditions. 

Opening Bid

The bidding commenced at $600,000 within seconds of the commencement of the auctioneer announcing for opening bids. You will have to watch the video to see the final result

Click here if you would like more information about real estate auctions.

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Hallie and Brennan are extremely knowledgeable and professional. They diligently advised me when I bought my first investment property. Also they go step further with property management services. Looking...

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