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In my case it was very difficult to know the market as it's a very small area with not many comparable sales. I do wish I had bid higher as I could have afforded it but was just concerned about the rule of not breaking my predetermined limit. In hindsight if I'd got the property I wouldn't have...

I have been to several auctions in the last few weeks and I believe in every case, the reserve price was greater than the top figure in the estimated price range. Doesn't give you much confidence in agent's ranges at all!

Just lost an auction on the weekend. House was marketed at an estimated range of $620K to $680K. Property was declared on the market at about $700K, and after about the $750K mark it was only us and one other bidder. At the end we were going up in $1000 increments, however I didn't feel...