Properties sold at auction in Melbourne may not go to the winning bidder after a real estate agent on Saturday sold a Burwood East home for more money after the hammer fell.
The auction exposed a legal grey area, sparked outrage among the crowd - and drew the promise of a probe by the Real Estate [...]

The State Government is estimated to have made more than $24 million in stamp duty yesterday as a record 1320 properties were auctioned in Victoria.
Estate agents shared more than $11 million in sales commission from yesterday’s results.
Almost 9300 properties have been auctioned in the past three months - an increase of 85 per cent on [...]

New South Wales’ Minister for Fair Trading Linda Burney says people who are thinking about taking part in online auctions should make sure the transaction is legal.
Several real estate agencies will hold online auction for houses across the state from next month.
Ms Burney says the laws covering auctions in New South Wales are designed to [...]

Impact Capital Ltd is taking its first steps toward expansion, with a new property marketing finance product to launch the business beyond the legal sector.
Impact says its Property Marketing Finance has the potential to revolutionise Australia’s multi–billion dollar real estate auction market.
Property Marketing Finance allows vendors to borrow for the costs associated with marketing their [...]

Data from CMP Research shows a 71% clearance rate in June, slightly lower than the 72% achieved during May. More than $760m worth of property changed hands at auction during the month, 1351 properties were on offer and 962 were sold.
The figures show that units cleared slightly better than houses with 73% of those offered [...]

A CINEMA that was owned by the same family for 40 years will be auctioned on June 19.
Beverly Hills Cinema on King Georges Road will be sold with adjoining properties that included three shops, a former Pizza Hut restaurant and a vacant block of land.
The owners, Jim and Jane Tsagias have decided to retire and [...]

THE nation’s residential property markets are moving in different directions, with auction prices soaring in Sydney and clearances rocketing in Melbourne, but Brisbane still in the doldrums.
And the Adelaide auction market stumbled in weekend sales, but remains considerably healthier than a year ago.
The results came as the Property Council of Australia warned that NSW was [...]