11th May 2020: Auction Ban Lifted in Victoria as Daniel Andrews Loosens Coronavirus Restrictions

Auction ban lifted in Victoria as Daniel Andrews loosens coronavirus restrictions

Brought to you by Domain - Jim Malo

Real estate auctions will be able to go ahead from midnight on Wednesday after Victoria announced on Monday morning that it would begin loosening restrictions.

Auctions will be limited to 10 people, plus the minimum amount of people required to facilitate the sale and those selling the house.

The same eased restrictions will apply to open for inspections, and real estate agents will be required to take the name and phone number of each visitor to make it easier to contact trace.

Auctions have been banned since March, when restrictions began. The lack of auctions has seen buyer activity plummet in Melbourne, with online auctions struggling to replace their in-person counterparts.

Victoria now joins NSW, Western Australia, Queensland and South Australia in announcing the easing of auction bans.