In Melbourne, more than a dozen postal districts have implemented stricter social isolation regulations. Last week, 373 auctions were held and 235 results were received. The initial clearance rate was 62.2%. Shane Oliver, chief economist at AMP Capital, said that after all the results came out, the liquidation rate was still as expected. The results of real estate auctions may continue to grow slightly, especially after Victoria’s blockade measures are tightened.
Intermediaries in Melbourne are busy turning live auctions online.
https://www.domain.com.au/news/subdued-auction-results-in-sydney-and-melbourne-continue-as-lockdown-tightens-in-victoria-967225/?utm_campaign=strap-masthead&utm_source=smh&utm_medium =link&utm_content=pos4&ref=pos1