Over the past few weeks, there’s been so much change. We’re all far into unchartered territory with the advent of COVID-19, but we want to reassure you that when it comes to the property industry, we are taking every precaution we can to protect the safety of our community.
We have welcomed the most recent changes announced by the Prime Minister affecting our industry as they are exactly what our group had proposed as being appropriate to help in flattening the curve. On-site and in room auctions, along with open for inspections, have been banned as of midnight Wednesday, 25 March 2020.
No other restrictions were announced for either property management or sales businesses, subject to other restrictions on physical distancing and hygiene.
At this point, following government regulations, our team will be working from home rather than the office premises, which will remain closed until further notice. The good news is, we will be able to host virtual property tours, private inspections and on-line/digital auctions.
We welcome the opportunity to continue to support the many Australians who rely on us to support them in renting, buying, selling and managing their homes – albeit in a different way from the usual. We are well prepared to do this.
Even up until the time of writing this letter, our market remains strong with healthy buyer demand and willing sellers, even selling a property last night under the hammer for $20,000 over Reserve. The mortgage industry has reported that there are billions of dollars in pre-approved loans. This should give all Australians hope that property will remain a safe haven during this difficult time.
If you have any concerns or questions at any time, please let me know.