Buying Melbourne

← Buying Melbourne30 sept. · 19 min

Ep. 80 | Melbourne Auctions Are About To Change Forever

Ep. 80 | Melbourne Auctions Are About To Change Forever30 sept.19 min

Show Notes: Victoria's auction rules are about to change significantly, with vendors required to publicly disclose their reserve price at least seven days before an auction or fixed-date sale. But the published reserve doesn't necessarily mean what buyers might assume. In this episode, Tristan breaks down the new rules, including why a vendor can potentially sell below their published reserve once an auction has started and why they aren't necessarily forced to sell simply because bidding ex...