21st September 2020 / Rob Fletcher: Market Update | 19 & 20 September 2020

With the daily number of COVID-19 cases on the decline and Victoria now seeing its lowest daily case tally since early June, Premier Daniel Andrews has raised hopes of an early end to lockdown, after hinting at a revised roadmap over the weekend.

'This is not just a good day, this is a great day. We are seeing these numbers come down. This strategy is working,' he said.

Meanwhile, the Real Estate Institute of Australia (REIA) has spoken out about the current restrictions for the real estate industry in Victoria, following previous calls from the Real Estate Institute of Victoria (REIV) to reintroduce contactless activities such as one-on-one inspections.

'We understand that other sectors are able to conduct similar activities and believe the real estate industry should be provided a level playing field,' REIA President, Adrian Kelly explained.

As the second biggest residential property market in the country, Mr Kelly went on to say that Victoria plays a critical role to 'support economic growth in Australia', which currently contributes to 20% of Australia's rental market and nearly 80,000 property sales each year.

In Fletchers news, Senior Associate & Auctioneer, Jane Caulfield successfully sold 34 Hedderwick Street in Balwyn North over the weekend. Located on a prized neighbourhood close to Balwyn East Village, the 2-bedroom home presents an opportunity for its new owners to renovate, extend or utilise the large 864 sq m approx. block as a blank canvas for their dream home.

Success. It's a Fletchers thing.