Tips for Real Estate Auctions in Brisbane

10 Tips for Bidding at a Brisbane Auction by Real Estate Buyer Services

Real Estate Auctions in Brisbane are very different from the other states in Australia

There is a distinct process that must be followed when preparing to win and be the highest bidder.

Understanding the rules whilst being surrounded by crowds and competition in bidding can require nerves of steel.

10 Tips for Bidding at a Brisbane Auction by Real Estate Buyer Services

Here are 10 Auction tips to prepare bidders before the big day.

1. Inspect the property

Do some inspections of the property and the area to really know what you are buying. Arrange for Pest and Building Inspections or other searches before the auction. Buyers can make offers before the auction.

2. Compare recent sales

Look at recent sales in the area to understand the possible pricing and know that the bidding may go much higher.

3. Get your finance approved.

QLD auction contracts have no cooling-off period, and if you win, you must pay within 24 hours.

4. Talk to your Accountant

Please! It’s too late to change names or entities once you have signed the paperwork.

5. ID

You will need your Driver’s Licence at the least to register and to participate in the bidding – No dummy bidding is allowed.

6. Proxy Bidding

You need to be clear at registration that you are bidding for another person or entity and have all the relative paperwork in order.

7. Watch the auctioneer

Especially when you are bidding and pay particular attention to the rising dollar value of the progressing bids and by how much they are incrementally increasing by. It is easy to get lost in the bidding frenzy.

8. Know your maximum limit

Whist very tempting, don’t bid higher than you can afford. Write it on your hand or have it somewhere that is highly visible to you.

9. Strategy

Have a plan of attack. Go in hard, go in soft. You choose. Take your time. Try to slow the bidding down a bit with smaller incremental rises. Bluff your opponents – Bid aggressively to show you have all the funds you need and will win!

10. Vendor Bids

Auctioneers can accept vendor bids up to the reserve price, but the auctioneer does not have to disclose if the reserve price has been reached. If the reserve price has not been met and the property is passed in, it can be sold by private treaty. If this sale is made within two days of the auction, then there is no cooling-off period.

Buyer’s Agent clients come to us for Auction Bidding for a variety of reasons. Maybe they feel very overwhelmed or don’t like crowds, are unsure of the process, or may have already put in an offer that was rejected.

They could be related or known to the seller and don’t want this revealed.


Buyers have possibly missed out many times before, or live Interstate or Internationally.

If this is you, then we can help!

Book your FREE Consultation with Mandy today!

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