I bought 3 Kings Cross units at auction this evening. I’ll post the details tomorrow. I always get scared when bidding. “What if I this is all a very big mistake?” goes my self talk.
I’ve bid at more than few auctions, been under-bidder often but only won an Auction four times before this. Maybe it gets better with experience, but real estate is not the sort of investment people normally do hundreds of transactions in.
Now I’ve bid successfully at unclaimed jewelry auctions. The emotional roller coaster was the same. That’s good practice if I’m moving into an auction buying phase.
These auctions are advertised in Saturday’s SMH, pawn-brokers use them to clear unredeemed pledges. Most of the regulars are jewelers and traders so it can be fun. I have not seen screaming bargains but I did buy an electric guitar and and a swiss watch at good prices.
It’s been a year since I’ve been to these clearences. Time to find a SMH.