Hearing an auctioneer's call of "Going one, going twice, sold!" is common to many property buyers in Australia. Image: An actioneer in action (AAP Image/Sam Mooy)
Hearing an auctioneer's call of "Going one, going twice, sold!" is common to many property buyers in Australia. Image: An actioneer in action (AAP Image/Sam Mooy)
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.