How to prevent overpaying at auction

It’s no great surprise that auction clearance rates are lower than this time last year across our major capital cities with prices in these locations generally reducing. The volume of properties being taken to auction is also well off the boil – down nearly 40 per cent – compared to last year. However, buying at auction is one of the most transparent ways for buyers to purchase property. Why is that? Well, you can literally see and hear your competition, so you know exactly where you stand. Of course, auctions also create a highly competitive environment that can cause some […]

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