04/06/2026
It’s very common for auctions to start slowly as very few bidders want to be the first to play their card. So everyone waits.
This is typically when the auctioneer can place a vendor bid to rev things up.
If the vendor bid is below your ideal purchase price, feel free to bid so the property is passed into you as the highest bidder and you have the first right to negotiate on the reserve price. However, do not get into a bidding war with just yourself and the auctioneer. If there are no other bidders the property should be passed in to you.
If there are other bidders, but the property is not yet on the market or reached the vendors reserve , you should aim to make the final highest bid again giving you priority to negotiate after the auction.
If there are multiple bidders and the home is on the market, proceed with bidding against the other genuine buyers.
Your goal with vendor bids is to not allow the auctioneer to keep bidding against you and inflate the price above market expectations—or your budget.