After the Victorian government announced the relaxation of the epidemic restrictions on Monday, real estate live public auctions will be allowed from midnight on Wednesday. The number of people participating in the auction must not exceed 10 people. In addition, the number of on-site staff and sellers is required to be as low as possible.
The same relaxed restrictions will apply to the opening of the property, and the intermediary will be required to write down the name and phone number of each visitor to facilitate contact tracking. Since the beginning of restrictions on the movement of people in March, auctions have been banned. Lack of auctions has caused Melbourne buyer activity to plummet, and online auctions are striving to replace live auctions. Currently, Victoria, NSW, Western Australia, Queensland and South Australia have all announced the cancellation of the ban on auctions.
Intermediaries welcomed the news, but said they would not rush to conduct live auctions.
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