03/09/2026
A property auction can offer a more affordable route into the property market.
The opportunity can be appealing, but the type of auction matters.
Here’s what to consider before you bid:
🔴 Voluntary auctions let sellers set a minimum price and decide whether to accept the winning bid.
🔴 Bank auctions may offer properties at a discount, with seller warranties.
🔴 Sheriff auctions can sell for around 50% of market value but carry higher risk and are sold as-is.
🔴 Deposits may be non-refundable and forfeited if you don’t follow through.
🔴 Budget for outstanding rates, taxes, levies and repairs.
🔴 Check if the property is occupied, as eviction may be your responsibility.
Know what the opportunity really means for you.
Read our guide here https://shorturl.at/ygjgh
There are great opportunities for buyers at property auctions, but you need to understand the rules of the game.