Biding Tips At Auction

  • Attend similar auctions in the week leading up to your auction, to better understand the system

  • Get a feel for the bidding process before you start.

  • Establish a limit of how much you're willing to spend for the property.

  • Know what's happening around you. Don't hide, otherwise the auctioneer may miss your bid.

  • Bid with confidence. This shows people that you're serious about buying.

  • The auctioneer will set the bidding increments, depending on the price bracket of the property. 

  • When the bidding slows or stops at a figure acceptable to the vendor, the auctioneer may announce that the property is to be sold. The auctioneer will repeat the price several times before the hammer comes down and the property is sold.