What is a reserve price?

The minimum confidential figure a seller is willing to accept. If the bidding reaches this, the property is "on the market."

Are there cooling-off periods for auctions?

No, auction sales are unconditional. All due diligence must be done by the buyer before bidding.

Selling at Auction in Sydney Explained in Under 3 Minutes (And Why Low Stock Changes the Game)

Understand the mechanics of selling at auction in Sydney, especially during low stock cycles. Learn about reserve prices, unconditional contracts, and FOMO with Conrad Vass.