Description
Like most aspects of the property market, buying and selling at auction is very similar from state to state. As NSW is the most highly regulated auction environment, this book focuses on the NSW process. As such, these would be the maximum requirements throughout Australia. In general, auctions tend to be more popular in urban areas of major metropolitan cities such as Melbourne or Sydney, where there is a high demand for properties. Therefore, your agent will make a recommendation as to whether to sell by auction, based on the strength of the market, the frequency and success of auctions in your area, the demand for specific types of properties and the likely buyer demographic. It is important that you work collaboratively with your agent and auctioneer in order to reach the best possible outcome in the sale of your property.
