So what can we all be saving on whilst in the throes of the economic crisis and how can we use this to our advantage?



Housing

Owning your own home hasn't been this attainable since 2002. With first home buyers flocking to take up government assistance grants and auction prices heading south, the market hasn't looked so appealing for entry in years. Sydney, Adelaide and Hobart are boasting the highest auction clearance rates across all regions including aspirational suburbs where affordability in the past was out of reach.

Motor Vehicles

New car prices and sales are bottoming out and making used vehicles increasingly appealing to potential buyers. Auction houses have always held the reputation for providing a bargain, but the current trend is cashing in on luxury repossessed vehicle in nationwide fire sales. If a mid range new vehicle has been a purchasing consideration, now is the time to purchase a near new European car within the same price range.

Marine

We may not need them but may have aspired to own one for years. Boats are also experiencing drops in prices. Luxury vessels are going under the hammer at heavily reduced prices, thanks to sharp increases in repossessions. While they may have once seemed out of reach, those who can't shake the need to own can capitalise if armed with knowledge of the auction process.

Auction houses can provide huge savings on a range of items for Australian consumers. But for those who have until now been watching every dollar in preparations for making large scale purchases, now is the time to buy and take advantage of bargains. Without compromising on style.