#5 What Are Auctions, How Do They Work? Learn The Basics of Auctions. Own It Property Podcast

Most properties in Melbourne sell at auction—but what exactly is an auction, and why is it such a popular method? In this episode of Own It, Dion breaks down the fundamentals of real estate auctions, how they work, and why they create competitive bidding environments. From understanding reserve prices to knowing the key differences between auctions and private sales, this episode will give you the foundation you need before stepping into the fast paced auction market. 🎧 Listen now and take the first step toward owning your dream home!