Sydney, NSW (October 2, 2009) – Help is at hand for Australian expatriates looking for an easier way to buy property back home. PTY Property Pty Ltd (www.ptyproperty.com.au) successfully launched the live online bidding service for Australian real estate back in September 2007. The online bidding service provides live webcasts of real estate auctions and allows registered bidders to place bids live via the internet from anywhere in the world.

“The webcast of the online auction allows you to feel like you are in the room – you can see and hear the auctioneer and you can see all the at site and online bids on the screen, so you know exactly where the auction is at all times. Through the interactive bidding screen you can place your bids directly into the auction room, so in many ways we simply bring the auction to you,” says Gavin Stuart, Managing Director of PTY Property.

The system was born out of the frustration Mr. Stuart found when trying to buy property at auction whilst living overseas. “I had to hire a buyer’s agent or ask friends to bid on my behalf and I felt like I lost control of the process. With Ptyproperty.com.au, you are the one placing the live bids – rather than hearing what is happening through a third party. It’s a better way for ‘remote’ bidders to understand the auction’s dynamics.”

China based expats Brad and Anne Kirwan recently purchased a four bedroom home in the leafy suburb of Turramurra, in Sydney’s north using the live online bidding service. “Bidding live into the auction from China was a bit daunting at first but the live online bidding software ran smoothly as did the auction. A couple of times a bidder in Sydney beat us to the punch but in the end we won the property and of course are thrilled with the result. We loved that live online bidding let us participate in the auction even though we are currently living in China. We were very happy with the service and have already started spreading the words to our expat friends." The webcast of the auction can be viewed by clicking in the following link:

http://www.ptyproperty.com.au/viewwebcast.aspx?id=11902

London based expat Jenny Edyejones recently bid for an investment property via her computer, after having the property inspected by her parents in Sydney. “I found the service very easy to use. I was completely comfortable bidding online and even though I narrowly missed out at the auction, I will definitely use the service again" Jenny said.

Live online bidding, which is being utilized by many of Sydney’s and Queensland’s finest estate agents, has attracted the attention of executives, property investors and Australian expats worldwide. “So far we have had people bidding from all around Australia as well as Dubai, Hong Kong, London, the US ……we even had one customer bidding from an airport lounge. “said Mr. Stuart.

For those wanting to bid – all they need do is go to the Ptyproperty.com.au website at least 24 hours before the auction; provide proof of identity which is fully checked – and then just follow the prompts to find the auction they are interested in. Buyers can also participate in live practice auctions to practice their bidding. It is free to register and use the service with all costs being born by the seller. Buyers can be assured that the live auctions of Ptyproperty.com.au comply with all Australian regulations.

Many home buyers are also using the website as a research tool, choosing to watch auctions live online and viewing the historical database of past auctions. Since its introduction in 2007, the live online bidding service has webcast over 500 auctions.

The live online bidding service is currently operating in NSW and QLD, with plans to expand into Victoria within the next 12 months. PTY Property can be found on the web at www.ptyproperty.com.au or you can contact them directly at info@ptyproperty.com.au.