One little change can shift the market 180 degrees, and it’s on!

Over the course of the last two months the real estate market In Melbourne and surrounding suburbs has been pretty much in a holding pattern due to the restrictions in trade placed upon our industry, (and nearly everyone else’s) due to the Corona Virus.   The Government have seen fit to employ some pretty stringent tactics to combat the spread of the virus during August and September and as a result the whole real estate market had shrunk to a point where it’s about 10% of its normal size. No live Auctions. A few online Auctions each week. Virtual inspections of properties for sale IF you knew how to work the technology and DEFINITELY no in person inspections of any property.   This led to a some pretty hesitant purchasers and even more so Vendors. I mean seriously, who would list a place knowing the potential buyers couldn’t see it, touch it, become emotionally attached to it and spend more than they should on it. That’s not how Melbourne real estate works.   Well, all of that changed Last Monday September 28th. The Government decided, after some pretty heavy lobbying from the REIV, to allow one on one physical inspections … Continue reading One little change can shift the market 180 degrees, and it’s on!