Auction Bidding

Auction Representation

Auctions can be intimidating without the right knowledge and understanding. Our auction bidding services offers an opportunity to have expert property buyers on your side. Our auction bidding services are designed for those seeking help when trying to navigate the auction bidding process. Whether you’re searching for a home or investment property our auction bidding service can help you secure the right property.

Property Auction Bidding 

Austin Buyers Agents are trusted professionals that specialise in purchasing properties on behalf of our clients. We provide expertise and local knowledge when purchasing a property. Austin buyers agents works exclusively for the buyer within a property transaction and provides an honest, unbiased opinion. 

Another great benefit of choosing a Sydney buyers agent for representation is that not every buyer is able to attend the day of auction. Enlisting a professional to complete auction bidding on your behalf ensures that the best person for the job is there with a strategy and plan in place. Our Sydney auction bidding service are for those who have found the perfect property but are unsure of how to secure it at auction.


Austin Buyers Agents have extensive knowledge and experience in representing the buyer. We will develop a strategy best suited for the property campaign and your budget. We provide an edge for buyers who are seeking confidence when buying at auction. A buyers advocate Sydney will develop a strategy and sticking to our plan we are able to remove emotion from the process to save you from over paying for a property.  

Property Appraisal

Prior to the auction a Sydney buyers agent will conduct a property appraisal on the subject property. Our auction bidding service will provide you with the most current data and recent comparables for both on and off market properties sold. 

Due Diligence 

Our buyers advocate Sydney will complete due diligence and research on the property, ensuring that a building and pest inspection has been completed prior to auction day. If one has not been completed a buyers agent will coordinate an independent inspection report. 

Auction Bidder Luke Bindley. Auction Bidding Service. Sydney Buyers Agent
Property Auction Bidding, Luke Bindley

Understanding Auction Terms and Conditions

1. Reserve Price

This is the minimum price set by the seller that must be reached for the property to be sold. If the reserve price is not met, the property may be withdrawn from the auction.

2. Deposit

The deposit is a percentage of the purchase price that has been agreed upon with solicitors prior to the auction. The successful auction bidder is required to pay immediately after winning the bid. It acts as a commitment to purchase the property.

3. Settlement Period

This refers to the timeframe within which the remaining balance of the purchase price must be paid. It is typically six weeks but can vary depending on the auction terms and conditions.


Successfully bidding at property auctions requires a combination of knowledge, strategy and confidence. These are some proven tips to help you navigate the auction process and increase your chances of success.

Firstly, arrive early and familiarise yourself with the auction venue or online platform. This will give you an opportunity to assess the atmosphere, observe other auction bidders and get comfortable with the surroundings. Being prepared and confident will help you make better decisions during the auction.

When bidding at auction it is important to have a clear understanding of the property’s value. Set a maximum bid that aligns within your budget. This will help you avoid overbidding and potentially paying more than what the property is worth. Stick to your budget and resist the temptation to get caught up in bidding wars.

Auction bidding can be a valuable asset for buyers looking to maximise their chances of success at property auctions. These services offer expert guidance and support throughout the bidding process, ensuring that buyers make informed decisions and secure the properties they desire. Here are some advantages of using property auction bidding services.

Property auction bidding services have extensive knowledge and experience in the auction market. They understand the intricacies of the auction process and can provide valuable insights into property values, market trends and potential risks. This expertise allows them to identify properties with the highest potential for return on investment and advise buyers on the best bidding strategy.

Benefits of an Auction Bidding Service

Another benefit of using auction bidding services is that they can provide peace of mind and confidence to property buyers. The auction process can be intimidating, especially for first-time bidders. Having a Sydney buyers agent by your side can alleviate the stress and uncertainty associated with bidding at property auctions. Property auction bidding services can offer reassurance and support throughout the process, increasing the chances of a successful outcome.

Our Auction Bidding Clients

Home Buyers

Property Investors

First Home Buyers

Time-Poor Professionals

Expats and Foreign Buyers

Upsizing/Downsizing Buyers

Relocating Buyers

Contact us today to see how our auction bidding service can help you with your next property purchase. 
I recently had the pleasure of working with Austin Buyers Agents. Luke truely went above and beyond to assist. Luke helped me make an informed decision after providing me with very important information and due diligence on the property. Throughout our entire property buying journey Luke’s communication was seamless no matter the time of day. I felt supported and informed at each stage of the process. I wholeheartedly recommend Austin buyers agents services for anyone looking to buy a property
Brent Davidson
Brent Davidson
Luke is well considered. Understands the needs of his customers and is able to deliver meaningful solutions and options. You definitely won’t do wrong choosing him as your Buyers Agent.
Q Strings String Trio
Q Strings String Trio
What an incredible property buying experience! I had never worked with a buyers agent and wasn’t exactly sure how it worked. Luke really took his time to explain it to me and was very patient, answered all of my questions and achieved an amazing result. My husband and I are astounded by the impressive job Luke did. He managed to find us and investment property and was negotiating until late Saturday night to secure the deal. I highly recommend Luke as a buyers agent.
linda harris
linda harris
Luke was incredibly efficient and his communication skills were impeccable. Luke understood our brief and delivered a wonderful property buying service as our buyers agent. He was an absolute asset to have on our side when purchasing our new home in Sydney. I am so thankful for Luke’s help and look forward to working with him in the future.
Mark Aitkens
Mark Aitkens

Frequently Asked Questions

Pre-Auction Preparation 

As a prospective buyer, conduct thorough research on the property and the local real estate market. Review current listings, recent sales data and comparable properties to determine the property’s value.

Attend open homes and arrange private viewings to inspect the property physically. This step allows you to assess the condition of the property and identify any potential issues.

Seek advice from a solicitor or property conveyancer to review the contract and ensure you understand the terms and conditions. Amendments may need to be made to the contract, this needs to be done prior to auction day. Ensure you have spoken to your broker or bank to organise your finances and get pre-approved for a loan if needed.

To participate in the auction, you must register as a bidder. This involves providing identification and signing a bidding registration form.

Auction Process

The auctioneer will begin the auction by introducing the property and explaining the rules of the auction. They will then invite bids from the attendees.

Auction Bidding

If you intend to bid, make your intentions clear by signalling to the auctioneer. Bids are typically made in increments and the auctioneer will announce each new bid.

Winning Auction Bid

The highest bidder who surpasses the reserve price (the minimum price the seller is willing to accept) will secure the property. The auctioneer will declare the property “on the market” when the reserve price is reached, indicating that the property will be sold to the highest bidder.


These are all of the steps that take place once the auction has finished.

Signing the Contract

If you are the successful bidder, you will be required to sign the auction contract and pay the deposit immediately after the auction.


After signing the contract and paying the deposit, the settlement process begins. This is when the balance of the purchase price is paid and ownership of the property is transferred to the buyer.

You will need to complete paperwork sent to you by the selling agent. This is to register as a bidder for the auction. As part of the registration process, you will need to provide a valid form of identification. This could include either a driver’s license or passport. The identification is used to verify your identity and ensure you are eligible to bid at the auction.

Upon completion of the registration form and verification of your identification, the auctioneer or the agency will assign you a unique bidder number. This number will be used to identify you during the auction. Ensure that you ask any questions that you have to understand the auction bidding process, rules and conditions of the sale. 

No, when purchasing a property at auction there is no cooling off period. When a property is sold at auction, the sale is considered unconditional. This means the buyer is legally bound to proceed with the purchase once that have successfully won the auction.

Payment and deposit requirements for a property bought at auction in New South Wales are crucial aspects of the auction process. When purchasing a property at auction the contract is unconditional, therefore you must meet the requirements and pay the deposit immediately. If you successfully win the auction, you must be prepared to pay the deposit. This is usually 10% of the purchase price but your solicitor may have negotiated a 5% deposit when amending the contract. 


The deposit is a percentage of the purchase price. Its purpose is to demonstrate good faith and commitment to the property purchase.
In NSW, the standard deposit amount is usually 10% of the final purchase price. For example, if the property sells for $1,000,000, the deposit required would be $100,000 (10% of $1,000,000).

Payment at Auction

Payment of the deposit at auction is required in the form of a bank cheque or electronic funds transfer (EFT). Cash payments are usually not accepted due to security reasons.


The settlement period is the timeframe within which the buyer is required to pay the remaining balance of the purchase price to complete the transaction.
In NSW, the standard settlement period is often 42 days after the auction date. However, the settlement period may be negotiable between the buyer and seller. This will be specified in the auction contract.

Austin Buyers Agents are Sydney Buyers Agents

Let us find the perfect home or

investment property for you.

Let us find the perfect home or investment property for you.