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THE PROPERTY NERDS: Becoming an auction whizz

12 MAR 2024 By Robyn Tongol 1 min read Investor Strategy

Australia’s top auctioneer shares insider tips for blitzing the big day.

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In this episode, host and Hills Finance director Leigh Paliwal sits down with Andy Reid, a leading Melbourne auctioneer and straight-talking property pro.

Andy reveals why knowing your state legislation can give a savvy buyer the upper hand and put you in a strong position to negotiate.

He weighs up the benefits of lowballing bids versus coming in strong, and shares why vying with the auctioneer for the “alpha” position can shoot a buyer in the foot.

If you like this episode, show your support by rating us or leaving a review on Apple Podcasts and by following Smart Property Investment on social media: Facebook, Twitter and LinkedIn.

If you would like to get in touch with our team, email [email protected] for more insights, or hear your voice on the show by recording a question below.

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RELATED TERMS

Auction
An auction is a public event for the sale of assets and property to the highest bidder among a group of buyers.
Property
Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.
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