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Why Auction Day Requires Preparation In NSW, auctions move quickly. There are no cooling-off periods, no second chances, and no ability to renegotiate once the contract is finalised. That's why auction day is one of the most significant pressure points for buyers — especially in competitive markets like Wollongong, Shellharbour and Kiama. The most common mistakes aren't made at the auction itself… They're made before  buyers step onto the bidding floor. Understanding the proc