PHOTO: The Block winners Josh & Elyse have conquered auctions, selling their own Coburg home at auction in November last year. Picture: David Crosling. Source: News Corp Australia.

ALMOST one in five Aussies are scared of buying or selling at auction, a new survey has found, with the figure worsening as buyers get younger. But millennials may soon have an edge over the olds.

The latest survey by found that 7 per cent of Baby Boomers, 20 per cent of Gen X and 27 per cent of Gen Y “dread auctions” and even younger buyers saw the experience as “terrifying”.

Grahame Cooke of said younger Aussies “have a lot of anxiety when it comes to auctions”.