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Buying property at auction in Queensland differs from other countries and even states. In Queensland, there is no cooling off period for buying at auction so it’s important you consider a number of things before bidding on a property at auction.
In Queensland, if you are the successful bidder at an auction you must go through with the contract even if:
In other words, the terms of sale will generally mean you are bidding on an unconditional basis.
Seen a property you like? Visit your local branch or phone 13 14 22 organise a pre-approval so you can shop with more confidence.
To help you out, we've put together this handy infographic on what to do before you attend the auction: