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Are auctions effective or just a way to get sellers to pay for advertising?

There's been a lot of talk recently about how effective auctions really are when compared to private treaty. As there is no qualitative research available in this area, it's up to individual perception.

People visiting from overseas and picking up one of our newspaper real estate supplements could think that most properties in Australia are auctioned, simply because of high number of ads they see for properties being auctioned.

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