You have 0 free articles left this month.
Register for a free account to access unlimited free content.
Powered by MOMENTUM MEDIA
lawyers weekly logo
Home of the REB Top 100 Agents
Advertisement

Victorian agents well placed to weather storm: Ray White

By Cameron Micallef
06 August 2020 | 6 minute read
Ray White Ferntree Gully reb

Agents are being reminded that it is business as usual, as Melbourne goes into further restrictions to combat the COVID-19 virus.

Stage 4 restrictions in the metropolitan Melbourne area mean private inspections and in-office online auctions will no longer be permitted, but at-home online auctions will still go ahead. 

Ray White noted “the only difference [is] the location of the auctioneer.” 

After successfully conducting more than 600 online auctions since March, Ray White’s Victorian members are well placed and experienced to weather the storm of lockdown restrictions off the back of a July that saw auction data exceed predictions. 

In July, Ray White offices in Melbourne conducted 238 auctions, averaged 5.6 registered bidders per auction — up by 2.1 on last year — and booked an auction day clearance rate of 61.3 percent. 

Ray White Taylors Lakes agent Dianne Robinson believes the market is still alive, and she is quietly confident about this Saturday with an auction called by Victorian chief auctioneer Matthew Condon. 

After a strong year for the office, Ms Robinson is set to continue that streak and said she has had a whole range of buyers interested in the four-bedroom home. 

“We’ve had 40 private inspections throughout the campaign, with everyone from investors to buyers looking to upsize and take advantage of the location because of how good the street is,” Ms Robinson said. 

The Melbourne agent said even in lockdown, the Taylors Lakes office has been achieving premium sales. 

“We’re absolutely smashing results and still getting over reserve on our auction sales. Obviously, we have been adapting to online and going full steam ahead which is why we have been so successful,” she said.

ABOUT THE AUTHOR


You need to be a member to post comments. Become a member for free today!
Do you have an industry update?