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Overbidding At Auctions Putting Homebuyers Under Intense Pressure

Monday, 9 February 2026 11:27

By Martin Osborne

The ESRI has also found almost two thirds of people who previously bought a home had at least one stressful hurdle, but this rose to 80 per cent for those who bought in the last 3 years.

Homebuyers end up paying more than they planned for a house due to overbidding at open auctions.

The sealed bid system caused the least price rises for a home.

The ESRI has also found almost two thirds of people who previously bought a home had at least one stressful hurdle, but this rose to 80 per cent for those who bought in the last 3 years.

Its Senior Research Officer Dr Deirdre Robertson says the overbidding at auctions is leading to house prices going up.

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