Under the recent blockade caused by the coronavirus, Melbournens who wanted to flee the area strengthened their determination to buy property.
About 90% of buyers are currently from Melbourne, and since the first blockade, real estate transaction volume has tripled.
Houses are now only sold through private treaties to meet the needs of Melbourne buyers who cannot participate in public auctions. According to reports, Melbourne’s buyers have tripled in some areas, concentrated in unlocked towns. Melbourne people are looking for historic houses, while others need a lot of land to keep their people away from crowded cities.
