Regional Victoria to Welcome Back On-Site Auctions

 Regional Victoria to Welcome Back On-Site Auctions

Real estate agents in regional Victoria will be able to host outdoor auctions as part of the third step of Daniel Andrews’ roadmap out of restrictions.

From midnight tonight, regional communities will welcome an easing of restrictions as the state aims to slowly open up and allow some sort of normality to return.

Premier Andrews said that it is because of the positive response of Victorians that his government was able to announce the changes.

“The hard work of all Victorians is paying off,” he said.

“With kindness and courage and commitment – with big and small sacrifices – we are beating this thing.”

Premier Daniel Andrews

The regional real estate industry is one that will benefit from the changes, with outdoor auctions allowed again, so long as there are no more than 10 members of the public, plus those conducting the auction.

Viewings must still be conducted by private appointment and adhere to public gathering limits, or a maximum of 10 people.

The Real Estate Institute of Australia (REIA) president, Adrian Kelly, had called for changes to the real estate restrictions to be made, and emphasised the importance of the property market on the Australian economy.

“A healthy property sector has been a crucial support to economic growth in Australia and can be expected to play a vital role in Australia’s recovery in these unprecedented times,” said Mr Kelly.

“Victoria is critical to this as our second biggest residential property market with 30% of Australian capital cities and 20% of Australia’s rental market and nearly 80,000 dwelling sales annually.”

Adrian Kelly – REIA President

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