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Bidding for a hotel room in Perth: any thoughts?

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We are arriving in Perth late in the evening of January 2nd after 30+ hours of travel. We will need a place to stay for one night before heading south, possibly by train or bus, to our final destination of Margaret River. Since it doesn't much matter to where we stay I thought it would be a good chance to try out Hotwire or Priceline, which I have never used. We usually are satisfied with a 3 or 3 1/2 star place, though of course I would be happy with something nicer. When would be the best time to give it a try: now, or closer to our departure date? And what price should I start at?

Thanks for your suggestions.

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