Bidding at auction:

BUYERS are often intimidated by the auction process despite an increasing number of properties being sold under the hammer – but, with a little advice, bidding at auction can be a stress-free experience.

BUYERS are often intimidated by the auction process despite an increasing number of properties being sold under the hammer – but, with a little advice, bidding at auction can become a stress-free experience.

Australasian Auctioneer of the Year Justin Nickerson said prospective buyers should do plenty of research before auction day.

"They should try and go and watch as many auctions as they can and get experience as a spectator before they go to an auction as a participant," he said.

"You can also use technology to watch auctions that are streamed online.

"They should also do as much research on the property as they can. There is no reason why you can’t do a building or pest inspection prior to the auction."

Mr Nickerson said come auction day, buyers shouldn’t be scared to bid or hold back from bidding.

"You get people who show a lot of interest and do research beforehand, but then turn up on the day and either through fear or strategy hang back and don’t bid," he said.

"If the property is what you want then have a go."

Mr Nickerson said buyers should also have three prices in mind before auction day – the price they would love to pay, the price they think the property is worth (and would pay), and the emergency price which is all the money they can financially afford to buy the property for.