Hi, I'm looking to purchase a property at an auction. So far I have obtained a copy of Contract of Sale but I am a bit concerned about some of the special conditions. 1. Purchaser cannot lodge a caveat. I was told that it is best to lodge a caveat as soon as I am the successful buyer 2. $150 penalty every time settlement is rescheduled. Is this condition allowed? 3. Who pays the council rates? Do the Vendors pay any council rate amounts up until settlement? 4. There is a covenant that says that dwelling must be of brick or brick veneer? Is this something I can change in future? 5. Is there anything else I need to be careful of when buying at auction?