Speaking to an agent recently (just on this singular case) he has not seen banks selling privately prior to auction. That's not to say that it doesn't happen, if you make an offer that's good enough they might accept it prior to auction?

Labrador and surrounding suburbs, Arundel/Southport are possible candidates also. Quick and easy access to uni/tafe/shops/m1. I've heard of plenty of deals being had on the GC still, however, I'm still looking for one and I believe so are many others. If anyone has any tips feel free to share.