Auction activity rises – but are clearance rates following suit?
It’s been the busiest week for auctions since the Easter long weekend, with 2,847 homes going under the hammer represe...
With half of the nation in a new wave of lockdowns, the Real Estate Institute of Australia (REIA) is calling for equal opportunities for buyers, sellers and agents alike in order to keep the property sector alive and healthy.
Regional areas across New South Wales and Victoria are also subject to restrictions.
Pertaining to home inspections and auctions, here’s what restrictions look like for these areas:
Pointing out the looser restrictions in New South Wales, REIA president Adrian Kelly has argued Sydneysiders are being given an “undeniable comparative advantage” over other states for no justifiable reason.
“Every Australian needs access to the same options when it comes to housing… but the citizens of NSW now have an advantage over their counterparts in Victoria and the ACT for no apparent reason at all,” he continued.
Mr Kelly expressed this as “beyond unfair, given that real estate has never had a single case of community transmission”.
As such, the president is calling on the government to urgently address the consequences of the ongoing lockdowns and put a stop to the “fractured approach to policy-making across states and territories”.
He has recommended “risk-based pragmatic rules that are consistent across Australia” in order for the housing sector to continue to function for the benefit of all home buyers, owners, tenants and investors.
Depending on the length of the lockdown period, Mr Kelly suggested these measures for the singular national code of practice for the industry:
Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.