Want to buy a house this weekend? Here are the rules

In-person auctions are off the cards for many markets this weekend. Photo: Shutterstock
In-person auctions are off the cards for many markets this weekend. Photo: Shutterstock

Updated Sunday August 15.

Attending an open for inspection on a Saturday morning is practically an Australian pastime, but snap lockdowns across NSW and the ACT mean that many will need to resort to the internet for their viewing fix this weekend.

Here's the latest on what buyers and renters can and can't do this weekend.

NSW

Following the announcement that all of NSW will be entering lockdown, the below advice has been updated to reflect requirements across the state.

If you live in any of the regional NSW areas currently subject to stay-at-home orders, in-person auctions and open houses are off the cards this weekend.

You are still able to inspect a property one-on-one with a real estate agent and auctions can be conducted online.

Residents of Sydney wishing to travel to regional locations to inspect a property will now need to obtain a permit, with the property in question needing to "be a home to live in," according to NSW Health.

READ MORE:

ACT

With the ACT entering a lockdown from Thursday evening, Canberra agents have been scrambling to shift weekend auctions online.

During the lockdown, scheduled for seven days, agents are prohibited from conducting in-person auctions and can only offer virtual property inspections.

LJ Hooker Belconnen director Dennis Vlandis said that prospective buyers had responded positively to the changes.

"We're pushing ahead doing our auctions online. We've got one tomorrow, we've got people pre-registered and we expect to sell," he said.

"I was talking to the agent and asked how it was going with the restrictions and he said he's actually got more buyers wanting to buy now."

"It's easier to do it online and people are comfortable with that," he added.

Prohibition of in-person inspections presented a greater challenge to agents, according to Mr Vlandis.

"Virtual inspections, that one we weren't expecting," he said.

"We are doing virtual inspections and will have more information on inspections later this afternoon," he said.

Victoria

With regional Victoria released from lockdown earlier this week, regional buyers can once again attend in-person auctions and inspections by appointment, subject to strict density quotients, check-in requirements and a maximum cap of 10 people for inspections and 100 for auctions.

With Melbourne entering its second week of lockdown, buyers there wishing to purchase regional property remain restricted from attending regional auctions and open for inspections.

The Real Estate Industry of Victoria wrote a letter to Premier Daniel Andrews earlier in the week requesting that Melburnians be able to inspect property via a private inspection, similar to what is currently permitted in NSW.

This story Want to buy a house this weekend? Here are the rules first appeared on Newcastle Herald.