Attending an auction can be a high-stakes game, as we saw recently in Belmont NSW, where a stalled bid of $1,010,000 quickly escalated after a brief pause for discussions. With emotions running high, the highest bidder increased their own offer by $40,000, ultimately paving the way for another buyer to secure the property at $1,075,000. Why do people bid against themselves? In our latest blog, we explore this phenomenon and share five essential tips for staying prepared and strategic during an auction.
