PHOTO: Home seeker Luisa Low said auctions were intimidating. Picture: Justin Lloyd Source: News Corp Australia
Increased home discounting has meant more people are starting to search for their next property, but some buyers remain so fearful of auctions they are spoiling their chances of getting a bargain.
The housing boom may have been relegated to the history books but many would-be buyers remain too shell shocked from the record price rises to take advantage of current bargains.
More than half those seeking a home claimed they were “too scared to buy at an auction”, Westpac research showed.
Three in four home seekers also believed auctions were still more beneficial to sellers than to buyers and wanted to buy privately.
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