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News Buyers respond to clarity on regulations

Buyers respond to clarity on regulations

Real estate & property news
18 April 2020
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If you’re familiar with the old expression that “a week is a long time in politics”, you’ll understand why the past week or so has been an interesting one for the property market around Victoria. It’s been a time where we have seen some rapid changes in the regulations governing how people go about buying and leasing property, and most of those changes were being driven by politicians rather than those with a finger on the pulse of the real estate market.

Indeed, if you look back to last weekend, you’ll find that everyone was trying to get their heads around that an announcement that the State Government made just before the Easter break that all inspections of property that was being lived in, (whether you were a buyer or a prospective tenant), had been banned as part of the social isolation rules.

In effect, these misguided rules meant that you weren’t allowed to take a look at a potential home before you committed to buying or renting it. As you can imagine, a lot of people around Melbourne were suffering heartburn as they tried to enjoy their hot cross buns on Good Friday!

Fortunately, sanity prevailed by Easter Monday and that decision was reversed. Thus, buyers and tenants have now gone back to inspecting properties where other people live. The rules on limiting inspections to one-on-one inspections, and the guidelines on protecting people’s health, are now clearly understood, and the good news for anyone planning on making a move at the moment is that properties are selling and being leased despite the overall restrictions on people’s movements.

One example of this was the sale of the character-filled three-bedroom home in Airport West that is pictured above. As you can tell from the photo, no matter what is happening in the world, the joy of purchasing a home and planning your future is truly timeless.

Results like are further proof that with a carefully planned marketing strategy and the right advice, a good sale could be just a phone call away…particularly when there are so many qualified buyers still anxiously awaiting more property to hit the market.

If you are considering making a move, don’t hesitate to give us a call at Barry Plant Barry Plant Moonee Valley on 9319 1700.

Regards,

Bill Karp

Director – Barry Plant Real Estate

Keilor East & Essendon

Real estate & property news
18 April 2020
Save Article

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