Let’s face it, while the real estate industry has evolved in recent years, it continues to largely operate in an environment of distrust. The best way to mitigate this is to sell in an open, completely transparent manner: at auction.

Is it time to start registering bidders at auction in Victoria? We think it is, and it seems most of the other experts agree! Check out our comments in the Herald Sun and realestate.com.au!

Online bidding is the next big change coming to the auction process. With the technology to do just about anything sitting neatly in our pockets, not embracing online bidding could be catastrophic. Yet the real estate industry is largely resistant to emerging technology.

When a champion sprinter climbs into the starting blocks, they aren’t focussed on the way they’ll cross the finish line. They’re thinking about getting their footing right for the start of the race. The same thinking should apply to the auction process.

The lawyer didn’t get it to us in time. The certificates took too long to order. We forgot. We’ve all heard or possibly made these excuses when it comes to getting documentation ready on time. It’s not good enough.

Evolution will be the key to auction success in 2019. It’s going to be an interesting year - it’s how we tackle the challenges that will be the measure of our success or failure.

There’s a lot of doom and gloom in the media about the property market at the moment. We keep hearing that auction clearance rates are down, and this is being used as evidence that the auction process is failing. This couldn’t be further from the truth.

At The Auction Company, we believe specialisation is the key to top performance, and are challenging the property industry to come around to our view.

In New South Wales in particular, weeknight residential portfolio auctions have been held for many years with great success, yet for some reason we continue to resist the trend in Victoria.