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The Buying Process

Reserve Price Auction Process

Reserve prices for the blocks for sale are available in this brochure.

  • 1.

    Any interested parties must register to participate in an ACT Government auction. You are encouraged to pre-register for the auction online with Independent Property Group at http://independent.com.au/auctionregistration. Or, complete your registration form and bring it with you on the day of the auction, noting the strict start times for each session.

  • 2

    Once registered, a bidder’s number will be provided which is held up to indicate to the auctioneer that you wish to place a bid.

  • 3

    If you can’t attend the auction you can have someone else attend on your behalf. You must complete an Appointment of Agent form, which can be downloaded from the Suburban Land Agency’s website.

  • 4

    The auction takes place on Wednesday 21 and Thursday 22 November 2018. Check in opens at 8am and the auction commences at 9am.

  • 5

    The auction location is Exhibition Park In Canberra; corner of Flemington Road and Northbourne Avenue, Mitchell ACT 2602 in the Fitzroy Pavilion.

  • 6

    You will need to bring photo identification and your deposit on auction day. Note the deposit will be 5% of your successful bid price.

  • 7

    Blocks will be sold to the bidder with the highest bid above the reserve price. If the highest bid is below the reserve price, a period of time will be granted for the registrant with the highest bid to exclusively negotiate with the ACT Government.

  • 8

    The successful bidder must sign a contract and pay a 5% deposit immediately. Cheques must be made out to the Suburban Land Agency or, if you are using EFTPOS, please ensure your daily limit will enable this transaction. You will not be permitted to leave the auction to obtain your deposit so please bring it with you. Cash will not be accepted.

  • 9

    Contracts will need to be settled by paying the outstanding amount on the sales price on or before the completion date as stated in the contract.

  • 10

    Land Rent is not available on blocks sold at auction. 

 
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