MELBOURNE REAL ESTATE DURING STAGE 4 LOCKDOWN

11-Aug-2020

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stage 4 lockdown

With stage 4 restrictions now in full effect in Melbourne, you’re probably wondering just what that entails for the Real Estate Industry. Along with every other industry affected in Melbourne; Real Estate is no exception. This means certain tasks we were still able to conduct in stage 3 lockdown has now changed.

Leasing

Services required for the start or end of the lease are still permitted. This means we can conduct final inspections, key collections, final cleaning and any other services directly related to the start or end of lease only. Tenants may only move in if the lease agreement was signed on or before 11:59pm 5th August 2020.

Sales

Good news, properties are still able to be settled with stage 4 restrictions. This means as a buyer, you may still move into the property and conduct final inspections, key collections, and any other services directly related to the settlement.

How to prepare for end of lockdown

For sellers, it will be a great chance to prepare your property and get it ready for market. Use this time to talk to us about recent sales results to get a better understanding of your property value. We can work together on your marketing campaign so we can get the ball rolling as soon as we’re on the other side of lockdowns.

For buyers, it is the perfect opportunity to chat with our local mortgage broker, Josh Bartlett about finance. Depending on the bank you’re dealing with, approval times will vary so it’s important to understand how long it will take to get approval. It's also a great time to get in touch with us to talk about recent sales and off-market listings so you have the full picture of the property market.