Most auctions require a bidding deposit of %0.5 of your maximum bid so that we know you are a serious bidder. Sometimes if auctioneers choose not to take bidding deposits then it will be displayed at the top of the auction page that "No deposit is required for this auction".

Yes, as long as the total amount of your bids is within your bidding limit

Your bidding limit is 200 times your deposit. Example, if your deposit is $5000 your bidding limit would be $1,000,000

If you are not the highest bidder of any auction you can withdraw your deposit anytime back to the same source you deposited from

Login to your Profile page, click on Deposit tab, then click Transactions History, you will see all the deposit transactions that you've made, click Withraw next to the deposit that you wish to withdraw back.

Auctions do not have a cool-off period, if you win the auction you are commited to purchase the property. It is important that you review the contract before placing any bids

You can view the contract of sale for every property being auctioned on the auction page under contract of sale tab

No, at this stage we are not charging bidders any fees. It is completley free

Yes, it is free to list a property on our website and will stay free. Please contact your realestate agent to list your property

We use Square Australia to handle all card payments, you will be redirected to their website squareup.com/au so that they handle the transaction, we have no access to your card details and so no card details will be stored on our platform

Only if you win an auction, a 2.2% card processing fee is passed to you. If you are withdrawing your deposit the processing fee will be refunded to you with the deposit. So if you have not won an auction you will get all of your deposit back.

If you win an auction, the deposit bond will go towards the down payment of your property purchase. Please note that if you paid your deposit on card, the deposit will be less the card processing fee.

Auto Bid is bidding by proxy, which means our platform will automatically bid on your behalf against other bidders one incremental bid at a time up to your maximum bid

Bump Bid is as it sounds, you can use it to bump the price up and knock off other bidders

If the auction is a hybrid auction with live video stream, the auctioneer in room will be managing the auction, it would be the same as in person auction except you get to be able to place bids online as well

In the case of only online auction, where there is no auctioneer in room running the auction, the auction will end once the timer finishes counting down. The auction timer will extend the time to 10 minutes if the highest bidder has been outbidded in the last 10 minutes of the auction time.

In the last 2 minutes of the auction, if the countering bid does not outbid the highest bidder the timer will be extended to 2 minutes only.

So that all bids are exhausted and all bidders have been given the chance to place a bid if they get outbidded in the closing time of the auction.

Sniping, which is placing your maximum bid in the last couple of seconds of the auction, has no benefit in time-extended auctions.

The best way to increase your chance of winning an auction is to place your maximum bid early so that your competing bidders have less time to make-up their minds, because during the closing period of the auction in the case of new bids being placed but does not outbid you the timer will extend only for 2 minutes instead of 10.

No.