Price ceiling
nounprice ceil·ingpronounced PRYSS SEE-ling
Last reviewed 16 April 2026
What does the noun Price ceiling mean?
The absolute maximum dollar amount you will pay for a property at auction. Set before auction day based on unconditional finance approval, comparable sales data, and repayment comfort. It is a hard stop, not a guideline.
How the noun Price ceiling is used
We set our price ceiling at $820,000 based on the bank valuation and our comfort with the repayments, and walked away when bidding hit $825,000.
Synonyms
maximum bid, hard ceiling
Related words
Cite this entry
MLA citation: "Price ceiling." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/price-ceiling. Accessed 29 May 2026.
Chicago citation: How to Property. "Price ceiling." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/price-ceiling.
APA citation: How to Property. (2026, April 16). Price ceiling. https://howtoproperty.com.au/definitions/price-ceiling