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Settlement Guide: Do you know what to do at an auction?

SBS Cantonese

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House Sale by Auction

Home for Sale by Auction. For Sale sign with auctioneers gavel and a chrome house key fob, with house key. Copy space. Source: iStockphoto

Hearing an auctioneer's call of "Going one, going twice, sold!" is common to many property buyers in Australia. Buying at auction is one of the most popular ways to buy a house, but there are many traps for those who do not know the rules and may end up making a costly mistake. Ivan has a few tips for buying successfully at auction.

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Hearing an auctioneer's call of "Going one, going twice, sold!" is common to many property buyers in Australia. Buying at auction is one of the most popular ways to buy a house, but there are many traps for those who do not know the rules and may end up making a costly mistake. Ivan has a few tips for buying successfully at auction.

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