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Hi Wylie, I don't know of it ever happening to anyone I know, but it can, albeit rare. More often than not, the hammer will come down and it's a done deal but there would be the odd occasion where the vendor gets caught in the heat of the bidding war and tries to get more.

Not at all. Besdies which, I can't speak for everyone reading this thread, only myself because (as I've said x 2 now) but will go for a third, I "assumed" that the contract of sale had been signed. Yes, many of those squealing bidders will probably deem themselves winners, and for the most...

Touché Dazz, silly me...I "assumed" the contract of sale was signed. :o I must be having a really bad day, I'm completely missing the fine print!! :p

There are actually 2 situations where the amended rules do not apply...

Legislation changed in 2008 (for more indepth details refer Victorian Consumer Affairs website for information on sale of public land). http://www.legislation.vic.gov.au/domino/Web_Notes/newmedia.nsf/bc348d5912436a9cca256cfc0082d800/4fc58d6e0c486992ca25747e0081462e!OpenDocument