Private Auction – For one asset that both parties want

A private auction is an ideal solution where more than one of the co-owners want to buy the other’s share. It can be used in both family law and non-family law matters. It is also relatively inexpensive and cost-effective.

This is a better solution than forcing the sale of the property or arbitrarily transferring to one party at a specified price. It can produce a ‘win-win’ outcome for the former co-owners, because

  • If the former co-owners bid against each other, the successful bidder will pay what it is worth for them. If they place a greater than market value on the asset, they will pay what the asset is worth for them.
  • Although the other former co-owner might not receive the asset that they want, the private auction process may allow them to sell their share in the assed for more than market value.

How to make it happen

Before finalising orders to divide property, contact us so that we can provide a workable precedent set of orders and our consent to act as the private auctioneer.

Our Recent News

Family Law Retreat 2019

June 27, 2019

We were pleased to sponsor a plenary session at this year’s Family Law Retreat held at Noosa in June. Deputy Chief Justice of the Family Court, the Honourable Robert McLelland and Sydney Senior Counsel, Mr Michael Kearney SC gave interesting presentations on the topic “No Starting Point of Equality: True or False?”

What is a trustee for sale and when do you need one?

April 29, 2019

The court can appoint a trustee for sale for property owners who cannot agree about whether or how to sell a property. The trustee can be appointed under either section 38 of the Property Law Act (Qld) by Queensland State courts or by the Family or Federal Circuit Courts under the Family Law Act.

About Shearer Doyle Law

Shearer Doyle Law is a law practice in Brisbane. Bruce Doyle and Elizabeth Shearer established Shearer Doyle Pty Ltd in 2013 to provide practical, individually tailored solutions for people with legal problems.

We act for clients directly, but we also act as independent experts retained to resolve part of a case. This may be alongside the Court Process or instead of going to Court.