registering to bid at auction

Registering to bid at auction

In order to bid at an auction of residential or rural property in NSW you are required to register first.

Registering to bid

Prior to the auction and usually on auction day, you’ll need to register your details with the selling agent who will record your name, address and proof of identity in the Bidders Record.

You will need to show ID issued by government or a financial institution preferably showing your name and address on it such as a driver’s licence or vehicle registration.

If you do not have this kind of proof of identity, you can use two documents that together show your name and address. One must show your name and be issued by a government or financial institution, such as a passport or Medicare card, the other must show your address, such as a utilities bill or real estate rental agreement.

If you are bidding to buy the property jointly with another person, for example, a spouse or partner, only one of you needs to register.

Letter of authority to bid

If you are bidding on behalf of another person or a company, you’ll need to have written authorisation from them authorising you to bid on their behalf.

This letter is required to include the person’s name, address and the number on their proof of identity.  This applies if you are bidding on behalf of someone at the auction or on the telephone.

If you are bidding for a company the letter of authority must be on the company letterhead and the ABN will be recorded in the Bidders Record as the company’s proof of identity.

Bidders number

After registration and before the auction you’ll be issued with a bidders number.  This number is usually written on a card which you will need to show the auctioneer when making a bid.  As soon as you have this card you are able to make a bid.

Registering for an auction does not mean you must bid. Registering simply gives you the right to bid.