Can I use a long settlement?

Only if the contract says so—auction contracts are often standard forms.

Subject to finance possible?

Usually not at auction—private treaty may allow.

Often—still align finance first.

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Help guide

Unconditional bids, deposit cheques, cooling-off absence—plan with conveyancer and broker before raising a paddle — general info.

Winning often means an unconditional contract—budget legal review before auction day.

Have surplus deposit cleared—vendor terms can require immediate percentages.

Know your ceiling, fees, LMI if applicable, and whether insurer approval is realistic for that property class.

Post-auction valuation risk still exists for non-auction private treaty too—do not skip due diligence either way.