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…