open house

Restrictions on Open Houses and Auctions eased

Victorians have generally been heaving a huge sigh of relief in recent days with the news that various social isolation restrictions are slowly but surely being eased. Of course, if you have been trying to sell, buy or lease a property, the easing of restrictions is particularly good news.

As we reported back on May 11th, the Victorian Government took the first tentative steps towards a more ‘normal’ property market earlier this month when it announced that up to ten people could attend an Open House or onsite Auction, with all the normal safety precautions in place.

This process has now been taken further, with the Government announcing that as of June 1st, up to 20 people will be allowed to attend auctions and open-for-inspections in Victoria. This news comes as a variety of social distancing restrictions are eased across the state.

It is important to remember that the 20-person limit does not include the vendors or sufficient members of the agent’s team to conduct the auction or open house. The agents are required to keep records of each visitor’s name and contact details and require all visitors to sanitise their hands before entering the property.

Whilst a 20-person limit will please many home buyers, (particularly those who may have had to queue up outside a property recently waiting for earlier buyers to leave), it will be even more important than ever to advise the agent of your interest in a property in the lead-up to an auction, just to be sure that you are one of the 20 who are allowed to attend.

Of course, in a property market that is constantly changing, there is no substitute for having an experienced advisor by your side every step of the way. So, if you need help to find the ideal property, or assistance in selling your current home for the best possible price, be sure to contact the team at Ian Reid Vendor Advocates. You can call us any time on 9430 0000 to discuss your options.

You’ll also find lots of helpful tips in our free booklet, “Fatal Real Estate Traps Exposed”.