For auction by the high court / land office (means individual / strata title out) I think only one name is allowed and is not transferable.
If still under assignment (master title), then can change name or submit 2 names, which most banks will allow.

You can call to the auctioneer to confirm on this.
Auction property must be very careful, please call to the right person and a copy of proclamation of sale are to obtain

better ask the lawyer in charge or auctioneer.

in my opinion, though is freehold, but since there is a restriction, when you do the transfer, consent maybe not able to obtain.

that is why you need to check with lawyer in charge.

for subsale, if consent cannot obtain, your deposit will be refunded.
but for auction property, is strictly accordingly to what say in the proclamation of sale. normally is the duty of the purchaser to check on restriction, caveat etc.

even though some of the forumers can share the experience in, but maybe different case, i.e. property location (then difference state government & race ratio), different banks (regards to refund), so each case isnot the same, i think

so best is still check with lawyer in charge for that particular case.
lawyer details will be stated in the proclamation of sale.