In this episode of Brick to the Future, we tackle the hot topic of buying property at auction and whether it stacks up as a smart investment strategy. With clearance rates climbing and media headlines fuelling buyer FOMO, Michael Beresford and Alister Lewison unpack the realities of auctions, from underquoting debates to the risks of overpaying. They share why auctions often make poor ground for investors and what strategies can help you buy smarter without getting caught in the hype.

Highlights:

• Auction Sentiment and Market Heat: Boz and Al break down why Melbourne’s clearance rates are up, what that really signals, and why auctions can be misleading as a measure of true supply and demand.
• The Underquoting Debate: A candid take on why complaints about underquoting miss the point and why doing your own due diligence beats relying on an agent’s price guide.
• Why Auctions Don’t Suit Investors: Clear analogies (including the $2 petrol example!) show how winning at auction usually means overpaying, which contradicts the core principles of smart investing.
• Optimum Size and Quality: Insights into buying below the median price point with the right floorplan and demographic fit to maximise rental return, tax benefits, and long-term growth.
• Life is for Living: Why managing cash flow smartly lets you hold more properties with less stress and why boring, repeatable investing strategies often outperform the auction rollercoaster.
• Final Takeaway: Auctions may make for exciting TV, but investors should stick to proven, disciplined buying strategies to build sustainable wealth

Thanks for tuning in! If you found this episode valuable, share it with your friends and family. Stay tuned for more practical insights on building wealth through property.

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