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Accelerating Dreams of Property Ownership since 1992

Auction in action!

The market has been extremely strong however, we have still been able to secure a number of great options for our clients.

After the final client-go-ahead on the previous Thursday, we sprang into action to get everything prepared and due diligence completed for the Saturday Auction. With its single level, 3 bedroom 2 bathroom appeal, Buyer’s Advocate knew the bases were going to be loaded and competition, fierce.

An opening bid of $760k from bidder one commenced proceedings with Buyer’s Advocate firing back at $800k knowing it wouldn’t buy the property but move the figure closer to reserve for an anticipated outcome. Bidding moved quickly in $10k increments to $830k, whilst Buyer’s Advocate was firing shorter bids in an attempt to break the increments down. At $850k the property was announced on the market/unreserved and we were run up in $1000 rises to $860k. Bid upon bid, we reacted strongly securing the property for $59,000 under our client’s expectations.  

Watch the condensed version here! 

How to prep for an auction

Fill in the form below and one of our friendly team members will get in touch. Or, if you prefer, you can call us directly on(03) 9818 4499