Victorian real estate sector will do its part

REIV president Leah Calnan said Victorian real estate agents will turn to technology following the Prime Minister’s announcement to restrict public gatherings such as real estate auctions.

In a bid to curb the spread of coronavirus in Australia, Prime Minister Scott Morrison extended the list of industries and services to be shutdown.

Public real estate auctions and open home inspections were among the activities that have been shut down.

Ms Calnan said while this is a big adjustment, REIV and the Victorian real estate sector was prepared to do its part to help fight COVID-19.

“The Victorian real estate sector is a flexible, innovative, and resourceful industry capable of dealing with any problem.

“Many agencies have already invested in online platforms for property auctions and have been trialling them in recent months, and houses will continue to be sold in Victoria.

“As the threat of coronavirus continues to evolve, it is important agents review their work practices and monitor the advice daily.

“Local agents are turning to technology to satisfy the high demand in Victorian real estate, with virtual reality inspections, and transactions conducted over the phone and electronic document signing over the internet becoming commonplace.

“With interest in Victorian property remaining strong, real estate agents will be doing their best to meet the needs of their customers safely.

“Anybody interested in selling or purchasing a home is urged to contact their local agent and ask about the exciting online methods that can make that dream a reality.”