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Buying property PART 2: What really happens at auction

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In part two of this series on buying property, we explore the ins and outs of purchasing at auction. Marshall White’s Ben Bongiorno explains to the Bongiorno Group’s Nick Fennessy what makes auctions legally binding, the critical differences between conditional and unconditional offers, and the often-misunderstood three-day window around auction day. 

Ben also unpacks what happens when a property is passed in, how negotiations unfold behind closed doors, and why vendor expectations play such a crucial role. For buyers, understanding these steps can be the difference between securing your dream home and making a costly misstep.

The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group, the preferred tax and accounting partner for the Australian Medical Association Victoria.

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/ 

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product Disclosure Statement before deciding to acquire the product. 

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The Money Doctors offers conversations on financial wealth and money matters for Australian medical  
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