The Auction process creates such a focused marketing method that the correct assumption is that the property will be sold.

An Auction should definitely be considered as a three stage process. Brisbane statistics show that approximately 20% of all properties sell in the first stage, 40% in the second stage (Auction Day) and the balance within seven days of the Auction Day. All statistics show that whichever stage the property sells in, it will be far quicker then by Private Treaty.

The only reason a property doesn’t sell using this process is if the Sellers expectation isn’t in line with the market.  If that’s the case, then it wouldn’t sell by Private Treaty either for the same reason.