finder.com.au Insights Manager, Graham Cooke, said: “The research shows younger Australians are more scared about participating in auctions than older generations.
“Younger generations are used to the comfort and safety of their smartphones, making the idea of face-to-face bidding too terrifying for many.”
He added: “If your dream home is up for auction and you are too anxious to attend - consider getting a professional to bid for you.
“Doing it this way means you get to call the shots from the comfort of your current home instead of the chaotic auction environment.”
Survey results
• 11% said they love auctions
• 12% said auctions don’t scare them
• 18% said auctions scare them
• 60% had no opinion