How to prepare to bid for auction

The Auction will be held online through the Realtair platform and onsite - Speargrass Road, South Jerrabomberra. You must have a Realtair account and register to bid if you’re interested in purchasing. Both steps need to be completed by 6pm, 10 May 2022 to participate in this land release.

Research - Review the Sales Documentation including the Contract for Sale, for this release on the South Jerrabomberra Website.

Appoint a solicitor - You MUST seek independent legal advice before purchasing and engage a solicitor to act on your behalf. We will require your solicitor details including the name of the Legal Firm and contact details at the time of registration on Realtair.

Register for the Auction:

  • Create a Realtair account. If you need further assistance with registering please visit buy.realtair.com/guide or phone 1300 367 412.
  • You are required to register on Realtair for each block you intend to bid on.
  • You must set up your Realtair account to register to bid or your intend to bid by
    6pm, 10 May 2022. What you need to register:

    • You must provide photo identification for all parties you intend to include on the contract for Sale.
    • If someone is bidding and exchanging the contract on your behalf you must complete the Authorised Bidder or Licensed Buyers Agent details when you register. Photo identification for the authorised bidder must also be uploaded with your registration.
    • If you are purchasing under a company (including as trustee for a trust) please provide the relevant details.

Registrations will be verified and approved before the Auction. You will receive an email from us prior to 12 May 2022 confirming your registration has been verified and approved. If you need assistance with your online registration, there are several video tutorials to help you at buy.realtair.com/guide.

Authority to Act on my behalf form -

You will be required to complete the Authority to Act on my behalf prior to the day of the online auction – this form will be forwarded to you once your Realtair online application is confirmed.

Auction process - The Auction will take place online on Realtair and onsite - Speargrass Road, South Jerrabomberra on Thursday 12 May 2022 at 1pm and is subject to the standard NSW Auction Conditions.

Successful bid- If you are the successful bidder at Auction, you will be required to exchange unconditional contracts on a 10% deposit of the purchase price. Your deposit must be paid at the fall of the hammer to the Village Building Company Solicitors Trust Account below:

Name of account: O’Connor Harris Pty Ltd Trust Account
Bank: National Australia Bank
BSB: 082 804
Acc: 763 655 718

Settlement for stage 1E anticipated in June 2022 and stage 1D by September/October 2022

Daily transfer limits - Please check your daily transfer limits with your bank to ensure you can transfer the full 10% deposit of the sale price. Please note: Cash, personal cheques and credit cards will not be accepted.

Deposit receipt - Your deposit receipt must be emailed to landsales@independent.com.au prior to leaving the online auction.