Victoria has opened the floodgates on the Melbourne property market by lifting restrictions on inspections and display suites.
The changes to the second step of Melbourne’s “roadmap to reopening” allow real estate services to conduct private inspections by appointment, which was originally scheduled to happen at the end of October.
This follows weeks of subdued activity in the Melbourne property market and only 60 properties head to auction at a clearance rate of 28.6 per cent over the weekend.
Spring is usually the peak time for sales, however “the reality is that most people will not purchase or lease a property sight unseen” and the number of August auctions was down by more than 80 per cent compared to recent years, according to a statement by the Real Estate Institute of Victoria.
Click HERE to read to full article published by The Urban Developer on 28 September 2020.
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