New Guidelines for On-Site Auctions and Open for Inspections as COVID-19 Restrictions Ease
As COVID-19 restrictions begin to ease across the country, we remain committed to proudly supporting people through their property journey. Operating within the new guidelines provided by the Victorian Government on Monday 11th May, the Real Estate Institute of Victoria (REIV) has outlined the following directions as the state-wide ban on...
Beth Oleyar in Market Updates
Market Update | 9 & 10 May 2020
After much anticipation, last Friday saw the Federal government officially reveal its roadmap for getting us back to a COVID safe Australia, with hopes to see life returning to normal by the end of July. The three stage plan, outlining a gradual easing of social distancing restrictions, will see each state and territory implement the steps at...
Rob Fletcher in Market Updates
Buyer’s in Search of More Versatile Homes
Since the disruption of COVID-19, agents across the country have naturally seen a shift in buyer and seller sentiment. Not just in relation to consumer confidence, but more keenly towards the type of properties that seem to be weathering this storm quite well. Our group of offices across the Eastern Suburbs of Melbourne, as well as the...
Prue Fletcher in Market Updates
Market Update | 2 & 3 May 2020
The latest sales results across the state have seen the volume of private sales surpass the total volume of auctions over the weekend, with figures sitting at $168 million and $49 million, respectively. As Melburnians edge closer to the possibility of relaxed social distancing restrictions, many have wondered how society will operate in a...
Rob Fletcher in Market Updates
AUCTION SNAPSHOT | 25 & 26 April 2020
With ANZAC Day services conducted remotely this year, Australia’s most significant day of remembrance offered the opportunity for Australians to come together and pay their respects in new and unusual ways. For many, lighting a candle in the street and tuning into The Last Post via radio or livestream was a favourable way to mark the...
Rob Fletcher in Market Updates
Market Update | 18 & 19 April 2020
The REIV has recorded a clearance rate of 78% for the weekend, which saw 103 auctions and 92 private sales take place, bringing in a total of $133 million for Victoria. In a recent news editorial, Domain revealed entry-level homes continue to remain active despite broader economic uncertainty across the country. ‘Many first-home...
Rob Fletcher in Market Updates
The Reserve Bank of Australia keeps interest rates on hold 0.25%
INTEREST RATES | The Reserve Bank of Australia has announced it will leave interest rates on hold at the historic low of 0.25%. Just weeks following the RBA’s decision to reduce the cash rate from 0.5% to 0.25% in an impromptu meeting last month, industry experts predict it will remain at this level for some time. In a statement...
Beth Oleyar in Market Updates
Market Update | 4 & 5 April 2020
Originally slated to be a Super Saturday for Melbourne, the weekend drew a total of 302 sales across the state, with the majority selling via private treaty. Following tough restrictions on how real estate agents can sell property during the COVID-19 epidemic, the market continues to adjust to its newfound circumstances in the world of online...
Rob Fletcher in Market Updates
AUCTION SNAPSHOT | 28 & 29 March 2020
Due to the tightening of social distancing restrictions across the country, last weekend saw the first sweep of online auctions take place to help curb the spread of COVID-19. Australia-wide, more than 2,700 properties were scheduled to go under the hammer, but as a result of the ban on public auctions, over 54% of properties were instead...
Rob Fletcher in Market Updates
Changes to Auctions and Open for Inspections
On Tuesday 24th March, the Federal Government announced changes to auctions and open for inspections with immediate effect from midnight tonight (12am AEST). Consumer Affairs Victoria has confirmed that the real estate industry is still able to conduct Private Inspections and Online Auctions. With the health and safety of our staff, clients...
Rob Fletcher in Market Updates
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