Update: Prime Minister announces ban on public auctions and open homes “Real estate auctions and open house inspections – in particular, open house inspections – that cannot continue.”

The Real Estate Institute of Australia is now calling on all real estate agents across Australia to make significant changes to the way they conduct their business particularly in relation to house inspections and the conduct of public auctions. Past practice with open homes and public auctions needs to cease.

Adrian Kelly, REIA President:

We need to take the Covid-19 Virus seriously. The deliberate organising of a gathering of people by a real estate agent flies in the face of the directives of the Prime Minister. To continue to arrange unmodified public open homes and auctions is clearly irresponsible.

Whilst we obviously recognise the impact to trading this will have, it is important that the entire industry pulls together and supports the Government in their efforts at this time to limit the spread of Covid-19. One on one private inspections by appointment must become the norm coupled with the appropriate safeguards as recommended by health authorities. With regard to public auctions, these can still occur via telephone bidding or by using one of the many online auction platforms available. We need to show some initiative and resourcefulness at this time.