Transport and civil equipment is in high demand following the Federal Government's announcement of HomeBuilder grants.
The market, which has been traditionally focused on conventional auctions, as owners buy and sell, is experiencing an online boom during COVID-19 restrictions.
Lloyds Auctions has seen a fivefold increase in heavy equipment auctions.
The short notice of the Government's HomeBuilder scheme means work is picking up quickly, and perhaps unexpectedly, for some. Auctions give the advantage of quick sales for those buying and selling machinery. Auctions like Lloyds include transport and civil equipment such as dump trucks, excavators, wheel loaders, rollers, prime movers and trailers. The auctioneer expects equipment to fetch good prices as demand is high.