Australasian Auction Championships

History

The Australasian Real Estate Institutes’ Auction Championship is held annually in Australia & New Zealand (3 years in Australia & every 4th year in New Zealand).

The Competition is for senior auctioneers who are financial members of an Australian State or Territory Real Estate Institute or The Real Estate Institute of New Zealand and Auctioneers can only compete for the State or Territory where they reside.

Two contestants each are eligible from each State, Territory and New Zealand for the draw for the heats, and the top 5 point scorers from the heats perform in the final. The winner is announced at the Dinner following the final where a formal presentation is made of the Perpetual Trophy.

By tradition, a Tasmanian Huon pine box as a symbol of the competitions establishment in Hobart, Tasmania in 1993, is handed to the previous year’s winner at the heats in the current year, as the previous winner will be requested to perform the bench mark auction for the current year (unless of course he/she has re-entered).

Conducted jointly by the Real Estate Institute of Australia (REIA) and the Real Estate Institute of New Zealand (REINZ). The Australasian Real Estate Institute’s Auctioneering Championships were first held in 1993 and are a great way for both countries to showcase the best auctioneers they have to offer. In 2009, REINZ took out the trifecta so it is time for Australia to step up and break New Zealand’s winning streak.