Victorian auctions power through lockdown

The start of winter saw a slower auction week across the nation, but good results for what was sold. 

New South Wales continued the charge, with an 87 per cent clearance rate across 650 auctions. Despite holding less than 100 auctions, the ACT had the highest clearance rate of all, with 95 per cent of properties sold under the hammer.

Ray White New South Wales chief auctioneer Alex Pattaro says it’s been hard to gauge results before the auction.

“Buyers are making it more difficult for agents to gauge feedback during the campaign,” he says. “Buyer numbers are plateauing but that’s normal for this time of the year. We are moving into a traditional winter selling season where we believe many agents and sellers have forgotten what a traditional selling season is – which is lower numbers and only quality buyers.

“Sellers expectations are still high, and when buyers are presented with competition they are still likely to try to meet the marketplace.”

South-east Queensland continues to be popular across the country, with interstate buyers travelling from as far away as Western Australia for one Brisbane property. 

Ray White Rochedale agent George Yang says a four-bedroom Wishart home with an expansive backyard and huge entertaining area received fantastic interstate interest. 

“People are coming from all over Brisbane and the rest of the country and I would say 95 per cent have been families eager to buy within this school catchment area,” George says.

Meanwhile last week’s lockdown wasn’t enough to dampen spirits in Victoria, with approximately 460 auctions taking place across the week.

Ray White Victoria and Tasmania chief auctioneer Matthew Condon says Victorians have adapted to the changing conditions, and continue to respond well to online auctions.

“We’ve been running auctions online for over a year now and have called well in excess of 2,500 online auctions across Victoria,” Matthew says. “This meant that a change to restrictions across Victoria was an easy adjustment for our teams, and we’ll continue to see auctions move online this weekend in Melbourne with restrictions extended.”

While restrictions have eased for regional Victoria, meaning customers can physically inspect properties again, lockdown continues in Melbourne. Matthew says it’s a slow process, but keeping the community safe is paramount.

“While it is disappointing for our Melbourne customers that strict restrictions have been extended, we recognise the need to operate with the safety of our customers, team members and the community as our top priority. We look forward to working closely with the government and authorities as restrictions ease and Melbourne continues to open up,” he says.

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