Sunday, 30 May 2021

Melbourne disruption

Auctions mixed

Melbournians had a scramble to get through this weekend's auctions, with all the inevitable interruptions from the city's fourth lockdown.

Half the city seems to have headed across the border to New South Wales or to holiday homes down the coast. 

There were only 4 Victorian cases of the virus yesterday, and 5 today, there is hope that the lockdown might end on day seven, though past experience suggests that may not yet play out. 

Sydney's auction market is holding up well, on strong volumes.


We've seen a bit of a switch in enquiries in Sydney towards the unit market, which is partly reflected in the above figures.

I recently discussed here some of the measures designed in part to support the inner-city apartment market introduced via the Federal Budget.