Melbourne’s auction market has had a “surprisingly” strong response to unprecedented social distancing and isolation measures, with prices soaring as buyers get on the front foot.
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Auction clearance rates dived over the weekend, but they’re still higher than the lead up to the federal elections last year as buyers work to snap up homes in case owners take them off the market.
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There’ve been some big results under the hammer across Sydney’s east over the past week, and this morning agents said “private” auctions would proceed while adhering to social distance rules.
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Auctions and open for inspections have been given the okay to continue by the state government, as the real estate industry tries to find new ways to manage crowds amid the pandemic.
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It was the last weekend living life as we know it for a while, as the Australian government moves to close down certain public gathering spaces.
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Attendees at two western Sydney weekend auctions were actively encouraged to use safe social distancing measures as estate agents do what they can to ensure auction market stability.
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Queen Bey fans take note: the ultimate piece of Aussie Beyonce memorabilia is up for grabs. The Brunswick house the superstar filmed in front of in 2013 is for sale after a total transformation.
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A one-bedroom house in Preston has soared six-figures past its reserve to an eye-watering result hundreds of thousands of dollars above Melbourne’s median house price. See just how far it went.
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Homebuyers worried about how COVID-19 will hit Australia’s economy have still pushed hard at auction, driving a Coburg North townhouse $67,000 past its reserve.
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Built by an architectural icon of Canberra, this period property offers a snapshot of our capital’s suburban past.
The post Historic family home designed by Canberra’s first architect on the market appeared first on realestate.com.au.