Buying at auction can be one of the fastest ways to secure a home—but it can also be one of the most stressful, especially if you don't know how to win a property auction.
 

We've seen buyers turn up on auction day underprepared, overwhelmed, or frozen with nerves. Some bid too late. Others don't bid at all. Many walk away from properties they actually wanted, just because they didn't know how the process worked. In this episode, we're making sure that's not you.

We walk you through the do's and don'ts of auction day—from mindset and preparation to live bidding strategy. If you're planning to buy in Sydney, Melbourne, Brisbane, or anywhere auctions are common, you'll want to hear this before stepping into the crowd.

Here's what we break down and why it matters:

🧠 Why Auctions Scare First Home Buyers (And What to Do About It)
Auctions are fast-paced and public, and for many first-time buyers, that's terrifying. We unpack the psychology behind the fear, including the worry of overpaying, freezing under pressure, or looking silly—and we explain how preparation fixes most of that.

Do #1: Do Your Prep
Auction success starts before auction day. We talk about how to win a property auction by getting clear on your walk-away price—not just your budget, but the true value of the specific property you're bidding on.

🧠 Do #2: Understand Auction Psychology
There's a rhythm to bidding that most people miss. We teach you how to read the room, how different styles of bidders behave, and how watching auctions beforehand can help you feel grounded and strategic when it's your turn.

🧘 Do #3: Stay Calm Under Pressure
The stress is real—but so is the reward of staying cool and collected. Learn how to keep your emotions in check and avoid reactive bidding, even when the crowd and auctioneer are moving fast.

🚫 Don't #1: Don't Wing It
This is not the time to "see how it goes." Winging it often leads to overbidding, missed opportunities, or regret. Knowing how to win a property auction means showing up with clarity and control—not guesswork.

🎭 Don't #2: Don't Fall for Fake-Out Tactics
Some agents or experienced bidders will try to psych you out with aggressive or strategic bidding. We break down how to spot it—and how not to let it throw you.

💸 Don't #3: Don't Get Seduced by the Underquote
Price guides can be misleading. We teach you how to spot bait pricing and focus on what the property is actually worth using your own research.

📝 Don't #4: Don't Bid Without Understanding the Terms
There's no cooling-off period once that gavel falls. Make sure you understand settlement timeframes, deposits, and contract conditions before auction day.

🎯 By the end of this episode, you'll have a much clearer idea of how to win a property auction; without the panic, without the confusion, and without blowing your budget. It's not about luck. It's about being informed, prepared, and ready.

Episode Highlights:
00:00 - Introduction
04:08 - Why do auctions freak people out?
07:15 - Auction DOs
10:15 - Auction DON'Ts
Connect with us:
➼ Home Buyer Academy Website https://www.homebuyeracademy.com.au
If you enjoyed today's podcast, don't forget to subscribe, rate, and share the show! There's more to come, so we hope to have you along with us on this journey!
Loading...
Learn how to buy your first home without making avoidable mistakes.
  Co-Founders

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.