This weekend it will be (almost) business as usual as outdoor property auctions recommence in NSW. Being the most property ‘obsessed’ state, NSW is leading the way. Other states except for Victoria are tipped to loosen restrictions on property auctions and open for inspections following the change in NSW. 

The NSW Government official announcement included:

Treasurer Dominic Perrottet and Minister for Health Brad Hazzard said the relaxing of restrictions was a sign of the ongoing success in limiting the spread of COVID-19, but warned there was no place for complacency, with community safety and social distancing to remain an ongoing priority.

“Choosing a home is one of the biggest decisions anybody makes, and easing the restrictions to ensure people can more easily inspect, buy or rent a property is an important step for NSW,” Mr Perrottet said. 

“The real estate industry has been adaptable in transitioning to online auctions, property inspections by appointment or online, and now as we make the move back to a more normal mode of operation we must ensure safety measures such as social distancing remain a key part of the process.”

It has been a six week disruption for the property industry and to the state’s revenue. The number of new real estate signs going up has definitely been noticeable in parts of Sydney. The sales switch has been turned on and the new momentum begins.