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Buying a property at auction has long been both an exciting
and rewarding way of acquiring cheap real estate. Whether its
a foreclosure, repossession or simply someone wanting to off load
their property quickly for whatever reason.
Nowadays a lot of auctions in Australia are actually held at
the property. The property is presented for an open day a couple
of weeks prior to the auction and people are invited to bid on
the day of the auction.
A 10% deposit is normally required on the day of the auction
and contracts are drawn up and normally exchanged as soon as possible.
We have given a link below to the Auction Times situated on the
Realestate.com.au website which in itself is a great tool to use
if you are thinking of buying property in Australia.
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