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Virus-hit real estate sector turns to tech

Real estate is dealing with its uncertain new digital world as the sector becomes the latest to feel the bite of the coronavirus pandemic. On Tuesday night Prime Minister Scott Morrison declared that public auctions and open home inspections would be among the activities to shut down from midnight on Thursday in a bid to curb the spread of coronavirus. Executive Director of Economic Research at REA Group Cameron Kusher said there was no evidence to suggest the market would…

Auction ban: What to do if your home is on the market

Vendors have been advised not to pull their homes from the market after government measures forced the axing of thousands of upcoming auctions. More than 2700 sellers in Victoria were booked in to sell their properties under the hammer in the next three weeks, according to the Real Estate Institute of Victoria. While some were able to reschedule early auctions before tonight’s midnight deadline, many are desperately seeking a new way to sell. REIV president Leah Calnan said those affected…

Auction and open for inspection ban: Melbourne property industry to turn to other methods

Victoria’s auction market has been flipped on its head with auctions and open for inspections outlawed. The industry will now turn to different methods in a bid to continue to get deals done. Australia’s auction capital has been flipped on its head after the Prime Minister axed auctions and open for inspections in an effort to curb the coronavirus pandemic. But industry figures are pledging Melbourne’s property market will continue to operate behind closed doors and online. More than 2700…

Coronavirus: Victorian vendors urged to reconsider auctions

Victorians sending properties under the hammer have been urged by the state government to “seriously reconsider” and move to safer methods, with huge crowds still gathering to watch. Vendors are being urged to cancel upcoming auctions and sell their properties via private sale to assist with social distancing measures. While auctions are permitted during the coronavirus shutdown, state justice department spokeswoman Michelle Osborne told the Herald Sun that could change. “Vendors and agents should put social distancing rules in place,…

Victorian Real Estate Sector will do its part

REIV President Leah Calnan said Victorian Real Estate Agents will turn to technology following the Prime Minister’s announcement to restrict public gatherings like real estate auctions. In a bid to curb the spread of Coronavirus in Australia, Prime Minister Scott Morrison extended the list of industries and services to be shutdown. Public real estate auctions and open home inspections were among the activities to be shut down from midnight tonight. Consumer Affairs Victoria has confirmed that private inspections by appointment…

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