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Thanks for that Tuppence and apologies guys. I wasn't aware that Melbourne advertised price ranges for auctions. In this case price is obviously relevant!

Price is not relevant in this situation because auctions are advertised without price guides. By the time an agent is speaking with potential purchasers about price, they are already in the home or on the phone with the agent and as such count as an enquiry. You are correct about promotion vs...

This is often the reason for a lack of interest in a property, however being an auction i can't see this being a deciding factor given i assume there is no price range listed. When selling a property, one must considering the 3 P's: Product, Price & Promotion. Product - How does the...