27/04/2026
We generally avoid auctions when buying for clients, preferring to secure properties off-market or pre-auction.
That said, there are times when an auction is unavoidable - especially when it’s the right home and the competition is strong.
If you’re going down the auction path, here’s how we approach it:
1. Do your due diligence upfront
If you buy at auction, it’s unconditional. No cooling-off period. Have everything reviewed beforehand so you can bid with confidence.
2. Know the market better than anyone else there
Understand recent comparable sales, the vendor’s likely expectations, and the level of buyer interest.
3. Set a clear, non-negotiable limit
Decide your maximum before the auction starts and stick to it. Often an odd number (e.g. $1,527,000) can give you an edge over rounded bids.
4. Read the room
If you’re in a strong position, stay patient early and make your move late. Let others show their hand first and see the dynamic of the auction room.
5. Or take control early
If you’re not the strongest buyer, come in confidently from the start and keep pressure on with quick, assertive bids.
6. Stay composed
Auctions are as much psychological as they are financial. Keep emotion out of it and don’t reveal anything to other bidders.
7. Bid with intent
Be clear, confident, and audible. You want the auctioneer and other buyers to know you’re serious.
At the end of the day, auctions reward preparation, discipline, and confidence - not emotion.