Home > Auction Wrap > Market Update | 18 May 2020

Market Update | 18 May 2020

MARKET UPDATE 🏘
 
Operating within the new guidelines provided by the Victorian Government, the real estate industry is pleased to resume on-site auctions and open for inspections with restrictions being eased across the state. Limited to a maximum number of 10 members of the public, plus the minimum amount of people required to facilitate the process, both on-site auctions and open for inspections will require visitors to adhere to strict social distancing requirements of 1 person per 4 square metres.
 
According to Domain, ‘Victoria has now joined NSW, Western Australia, Queensland and South Australia in announcing the easing of auction bans,’ with agents having ‘welcomed the news’.
 
Real Estate Institute of Victoria [REIV] President, Leah Calnan said the industry is prepared to take the measures necessary to assist with a safe return to business. ‘The real estate sector has adapted extremely well during this pandemic, while restrictions are being lifted, the threat of coronavirus remains and it is imperative that we continue to run auctions safely and responsibility.’
 
The Fletchers team continues to take the appropriate measures to minimise these risks as we remain committed to securing the best results for our clients while providing quality service to those within the community.
 
My team and I recently sold 2 Belle Vue Road in Balwyn North as an online auction – very pleased for our vendor who was thrilled with the result!
 
Results. It’s a Fletchers thing.
Categories: Auction Wrap
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