Score yourself a bargain at lost property auctions 4



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iPads, iPhones, musical instruments, laptops, sunglasses, alcohol, watches, bikes, surfboards and so much more!

Ever wondered what happens to the lost property left at airports, on buses and trains?

What about those Australia post parcels lost in the mail or property that the police are in possession of?

They are auctioned off!

And let me tell you: with prices 40 – 80% of RRP, this is a great place to secure a BARGAIN!

From time to time throughout the year these organisations hold auctions to move the lost property on. Thousands of items are auctioned and with the amount of stuff left behind these days, the auctions are becoming more frequent. It’s not possible for them to hold all of the unclaimed stuff so they auction them and donate the proceeds to charity.

These organisations do everything possible to return the items to their rightful owners, but there is only so much they can do.

The auctions are held either online or at a particular location. In both cases you are able to inspect the property before making your bid.

The best way to find out about them is to go to the individual websites or to the auction houses.

Start with a Google search in your capital city – “lost property auction” or try these:

What I love about these auctions is the money raised is donated to charity. Last year Sydney airport raised over $130,000.

It’s also a timely reminder to make sure that ALL of your property is identifiable!

Hot Tips

  • Check if a warranty is available. Some do, some don’t.
  • Inspect the items before you bid. Once you bid, you have to buy.
  • Set yourself a limit. Auctions are emotional and drive our desire to win. Don’t be fooled into a purchase that isn’t worthwhile
  • If the auction is interstate, check delivery costs and make sure this doesn’t outweigh your bargain
  • Keep your invoice/receipt on hand to remind you that you have bought something!! It’s easy to forget a purchase when buying online and cashless


Tell us, would you buy lost goods?

Michelle House

Michelle House is a Money & Life Strategy Coach, Professional Speaker, Podcast Host and Author in Waiting. She is a wife, mother of 3 gorgeous children and a business owner who understands the importance of staying on top of the day to day finances AND getting great value for money. Known as Australia’s Money Guru and Money Savvy Mum she is a regular money commentator for Channels nine’s Mornings program and can be found sharing her savvy tips at

  1. My mum and dad used to go to Railway Auctions in Melbourne when I was young. They got some really great bargains.

  2. Yes I remembet my dad going to the railway auctions, came home with all sorts of stuff good and bad. We would never know what he would buy , it really was a lucky dip !
    I do remember we needed some umbrellas as us kids were always leaving them on the train !
    He came home with a box of 50 umbrellas once very happy with hinself ,guess what we eventually broke or lost them over the years , fun memories of

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