News

Melbourne auctions back on the streets as the city emerges from another lockdown

11 June 2021

Melbourne's auctions are moving back out of the digital realm and back onto the streets this weekend as the city emerges from its fourth coronavirus lockdown.

As of today, up to 50 people can attend live auctions and 10 people can inspect a home, but buyers from the city are still not able to travel outside the metro area to attend regional auctions.

Acting Premier James Merlino spoke at a press conference this week.

“We’ve always said that when we could safely ease the rules, we would. And, if we could make things even just a little easier, we wouldn’t waste a minute,” he said.

“It’s why, on the advice of the chief health officer, we can take some first safe steps. That means metropolitan Melbourne will move to almost the same settings currently in place across regional Victoria. And, regional Victoria will move towards further easing.”

 

Real estate agents are expecting some auctions to be pushed back from this weekend to allow prospective buyers to visit homes in person after being denied the chance for the last two weeks.

“We have 60 scheduled auctions this weekend, but the reality is they haven’t had people through them for two weeks,” Ray White chief executive Stephen Dullens told Domain.

“So, we’re working with vendors and keeping them informed, so we’ll see what happens.”

Mike McCarthy is the chief executive at Barry Plant Victoria and says he expects things to really escalate on June 23.

“We’re expecting a huge weekend on June 23, and to have auctions every day of that next week, with people wanting to get it done and beat the end of the stamp duty concessions,” he told Domain.

 

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