Sell with Confidence
Read More
News

How to be the top bidder at auction

By Mikaela Fowler

Auctions can be daunting but Ray White Frankston Principal Ashley Weston has a few tips for buyers preparing to buy property through auction.

What are some of the most successful bidding strategies?

I’ve seen a lot of buyers sit back to wait at auctions and I think that approach gives other buyers more confidence.

I truly believe that the best strategy is when buyers come to an auction confident, with a genuine commitment to giving it their best. It creates an atmosphere where other bidders can see that person isn’t going to give up. It wears the other bidders down.

What does this look like on the day?

Open the bidding confidently at a respectable price to show you mean business and as soon as another person bids then bid straight over the top. This allows you to control the auction and make the other buyers think you are not going to give up.

Essentially, bid boldly, confidently and don’t show any sign of weakness.

And the big thing I would say is that if you think you are going to be emotional and be shaky then get a family member or friend to bid on your behalf so they can be more calculated.

The best thing about an auction for the buyer is that you can see the last bid unlike with a private sale.

Up to Date

Latest News

  • Popular Paint Colours That Aren’t White

    By Elizabeth Clarke White can look bland. Here are some designers’ choices that don’t. While universally adored for its perceived fail-proof ability to brighten and enlarge spaces, white often lacks the depth and personality a room craves. “White is rarely right,” says designer Kate Challis. “Despite what people think, that … Read more

    Read Full Post

  • The Great Farmland Plateau: why Australia’s agricultural land boom has stalled

    Australia’s farmland boom ends: prices plateau at $9,600/hectare after doubling since the pandemic, marking the end of dramatic rural property cycle in Australian history. Australia’s farmland price boom has hit the brakes. After explosive growth that saw national agricultural land values more than double since the pandemic began, prices have … Read more

    Read Full Post