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Real Estate Market News
June 29, 2020 Continuing Restrictions Fail to Shake the Market

Just when Melburnians were looking forward to returning to their Saturday routine of checking out the local auction scene, restrictions on the number of attendees at public auctions were extended. Instead of the 50 person limit that we were expecting, the Government has mandated that the 20 person limit will continue until July 12.

However this late notice of an extension of restrictions failed to dampen buyers’ enthusiasm on the weekend, with once again steady results across all markets. Clearance rates are also remaining strong and clearly heading back to pre-COVID conditions.

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