Ask Michael Anything [video] – What strategy to use when biding at auction?

What’s the best auction strategy?

In this video series I answer your questions and this week watch I discuss my strategy to biding at auction.

This week’s question: 

Hi Michael –  I’m looking to buy a property at auction and wanted to know the best biding strategy.

I’ve heard conflicting idea, some say I that should bid contently from the start and make a high opening bid – But I’d rather wait to see until the property is “on the market” and then commence biding rather than pushing the price up.

What are your thoughts?  – Elise, Hawthorn  

Please leave your question in the comments section below and we’ll answer it.