Agents are scrambling to sell homes before stage four restrictions hit the industry, with scores of properties going under the hammer online tonight.
Realestate.com.au shows last-minute sales are on the cards for about 64 properties, which are going to auction before Melbourne’s real estate industry is moved entirely online from 11:59pm Wednesday.
The rush comes as the state government confirmed private inspections would be banned under stage four restrictions.
RELATED: Melbourne stage four restrictions: Can you move house in lockdown?
HomeBuilder: Melbourne’s stage four restrictions could hurt grants
Victoria stage four restrictions: How COVID lockdown will affect real estate
Ray White Cheltenham auctioneer Kevin Chokshi selling a home online.
1/11 Milton Street, Macleod is going to auction at 6pm.
Raine & Horne Williamstown director Rosemary Jamonts said her agency was able to sell three properties via private sale in Melbourne’s inner south so far this week.
“There seems to be a little bit of a scramble from buyers before lockdown and we noticed really heightened activity,” Ms Jamonts said.
“Two properties were put under contract off the back of just one private inspection each.”
A townhouse at 218 Kororoit Creek Road officially sold today for $905,000 after contracts were signed last week.
A townhouse at 218 Kororoit Creek Road sold today.
It collected $905,000 in a private sale.
Ray White Bundoora agent Cathy Liu said it was a relief to get multiple properties sold before restrictions tightened.
A property at 8 Valley Road Bundoora sold today for $625,000.
The agency planned to proceed with two online auctions this weekend but were still working out plans for the weeks to come.
8 Valley Road Bundoora sold today.
The large property sold for $625,000.
Auctions held across Melbourne before stage four industry restrictions set in are mostly scheduled from 5pm well into the evening.
An incredible Malvern mansion at 4 Somers Avenue is one of the most expensive properties going to auction, with a $4.6m asking price. It’s going under the hammer tonight two weeks ahead of schedule.
The incredible home at 4 Somers Avenue, Malvern.
A decrepit Abbotsford townhouse at 156 Charles Street is going under the hammer.
Other properties include a decrepit Abbotsford terrace at 156 Charles Street, an affordable unit at 1/11 Milton Street, Macleod and a house at 123 Market Street, Essendon.
A number of properties will still go to virtual auction this Saturday, but no further private inspections by interested parties will be permitted from Thursday.
READ MORE: Olympic golfer Marcus Fraser sells Beaumaris mid-century house
Sir William McPherson: Former Victorian Premier’s stately Hawthorn mansion for sale
Heatherton buyer outbids himself at auction to scare competition
The post Melbourne stage four restrictions: Rush of online auctions before lockdown tightens appeared first on realestate.com.au.