How it Works

We all know that auctions can be a stressful experience, but the reality is they needn’t be.

auctionWORKSonline removes that unnecessary stress and brings the enjoyment back into buying a property, through the convenience and ease-of-use of bidding for a property online.

Your stress-free auction guide.

Register With Ease

Register With Ease

You’ve seen your dream property and you’re ready to make it yours, so your first step is to simply register with the agent and satisfy the 100-point ID check (fulfilling the NSW Government regulations) who will then enter your confidential details into the auctionWORKSOnline system.

 
 
Your First Bid

Your First Bid

You will finalise the registration process online. When you decide to make your first bid, you will need to choose a bidder number which is valid for the duration of one auction. You can now bid to your hearts’ content.

 
 
 
The Auction

The Auction

The duration of an auction can be set anywhere between 1 and 14 days. You will be made aware of the duration before the auction starts. You will also see a starting bid appear. It’s important to note that this is a starting guide, not a vendor bid.

The bidding begins, and while each bid is visible online in real time along side the bidder’s unique ID number, the bidder’s details remain confidential at all times.

With each bid, the system will declare whether the reserve price has been met or not. Each of your bids will be confirmed by email or SMS and you will always be notified if you have been out-bidded.

To ensure fairness, all parties will be sent notifications at the ‘24 hours remaining’ and the ‘1 hour remaining’ points of the auction.

 
The Final Call Stage

The Final Call Stage

At the Final Call Stage, any bids received within the last 5 minutes will push the clock out a further 5 minutes – that keeps things fair for all bidders

 
 
The Virtual Hammer Falls

The Virtual Hammer Falls

If you are the highest bidder at the time the clock runs out and the reserve has been met, then congratulations, the property is yours!

Once the virtual hammer falls there is a binding contract in place. As the successful purchaser, keep in mind no deposit or sale monies are exchanged online. It’s all done in person with the agent.

 
It Pays To Be Up The Top!

It Pays To Be Up The Top!

If the reserve has not been reached and the property passes in, the highest bidder will immediately be shown the reserve and receive the exclusive right to negotiate an outcome for 60 minutes.

 
 
 
Seal The Deal

Seal The Deal

As the successful bidder you will need to contact the agent and arrange to meet to exchange contracts. This needs to be done by 5pm the following day after the fall of the virtual hammer (as per registration conditions).

At this time you will pay your deposit as per normal auction process.

Now it’s time to crack open the champagne and celebrate!