Home > Auction Wrap > Market Update | 10 August 2020

Market Update | 10 August 2020

Melbourne’s first weekend of stage 4 restrictions saw a sharp increase in online auctions and inspections, with a clearance rate of 92% achieved for Victoria amongst 165 scheduled auctions.

Although auctions have now been held online successfully for several weeks, auctioneers are now required to hold all auctions online at home, with agency offices now closed under the tighter lockdown measures.

Under the latest restrictions, the Real Estate Institute of Victoria (REIV) has stated that permitted work during this time will include ‘services related to property settlement or end-of-lease, including removalists’ and ‘building and grounds maintenance, cleaning, pest control and packaging where providing support to an essential industry or where required to maintain the health and safety of Victorians at home or work’.

For the next 5 weeks, this means that any work related to contract settlements or end-of-lease scheduled to occur during this period, may be undertaken. This also includes final inspections.

With physical inspections not permitted at this time, we encourage all buyers to register their interest in a property with us to book a private appointment as soon as restrictions ease.

Results. It’s a Fletchers thing.

Categories: Auction Wrap
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