It's hammer time! Brisbane auction results live

A house inundated in the February floods nearly a year ago that is yet to be repaired has sold for less than its land value in an auction race between first-home buyers. LIVE BLOG

The Public Trustee is out and about in Brisbane today, taking six homes to auction across the region, including a prime piece of real estate in inner-city Paddington.

FOLLOW THE AUCTION BLOG BELOW

We'll bring you auction results throughout the day and you can also watch homes sell under the hammer HERE.

Brisbane heads to auction with a 29 per cent clearance rate from last week as The Courier-Mail reveals how much the borrowing power of first-home buyers has been slashed by.

If it all seems a bit much right now, why don't you try to win your dream home? It might only cost $2.