When is the best time to buy a house on auction?
I am going to an auction in December to buy my first house but I have been told that if someone is selling around this time, they must be desperate to sell. What’s your view on this subject and how should I prepare for the auction? Lenny, Tamworth, NSW. Historically the best time to auction a property is the spring and then early autumn. Houses with their gardens in full bloom are always at their best in spring. Summer is affected by the fact there are big school holidays where few decisions are made. House advertising can be unleashed in February after the holidays, and autumn is when everyone is back, so March and April are selling months. Autumn can also be a nice time with beautiful coloured leaves. Winter is cold and houses don’t look as good and is a lesser preferred period for home sales. I have bought a house in December to mid-December – and that’s a sign of desperation. The person I bought from had bought another house and had a few delays, which put him under the gun in term
