{"id":26538,"date":"2020-08-04T09:16:47","date_gmt":"2020-08-03T21:16:47","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26538"},"modified":"2020-08-04T09:19:35","modified_gmt":"2020-08-03T21:19:35","slug":"melbourne-real-estate-agents-brace-for-a-six-week-drought-of-sales","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/melbourne-real-estate-agents-brace-for-a-six-week-drought-of-sales\/","title":{"rendered":"Melbourne real estate agents brace for a six-week drought of sales"},"content":{"rendered":"<p><strong>PHOTO: Melbourne | Getty Images<\/strong><\/p>\n<p>Real estate agents are bracing for a severe cash flow crunch over the next six weeks as sales are shut down as part of the level four restrictions imposed in the greater Melbourne area.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/www.propertynoise.co.nz\/melbourne-and-sydney-continue-to-lead-property-price-decline-corelogic\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-hoot-medium-thumb entry-content-featured-img entry-grid-featured-img wp-post-image jetpack-lazy-image jetpack-lazy-image--handled\" src=\"https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2020\/08\/Australian-housing-values.jpg?resize=460%2C270&amp;ssl=1\" alt=\"Australian housing values\" width=\"460\" height=\"270\" data-attachment-id=\"73943\" data-permalink=\"https:\/\/www.propertynoise.co.nz\/melbourne-and-sydney-continue-to-lead-property-price-decline-corelogic\/australian-housing-values\/\" data-orig-file=\"https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2020\/08\/Australian-housing-values.jpg?fit=600%2C400&amp;ssl=1\" data-orig-size=\"600,400\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Australian housing values\" data-image-description=\"\" data-medium-file=\"https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2020\/08\/Australian-housing-values.jpg?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2020\/08\/Australian-housing-values.jpg?fit=600%2C400&amp;ssl=1\" data-lazy-loaded=\"1\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/www.propertynoise.co.nz\/melbourne-and-sydney-continue-to-lead-property-price-decline-corelogic\/\" rel=\"bookmark\">Melbourne and Sydney continue to lead property price decline: CoreLogic<\/a><\/h2>\n<\/header>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Starting midnight on Wednesday, real estate activity including on-site auctions and private open homes will be banned except for settlements that are already under way. Online auctions and inspections are allowed. Those who are scheduled to move homes are also allowed to proceed.<\/p>\n<figure class=\"gzJMC -TKpA\" data-pb-type=\"im\"><picture><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9, https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_1.1709%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9 2x\" media=\"(min-width: 1180px)\" data-pb-im-config=\"{&quot;aspectRatio&quot;:1.776846,&quot;type&quot;:&quot;landscape16x9&quot;,&quot;width&quot;:620,&quot;urls&quot;:[&quot;https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9&quot;,&quot; https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_1.1709%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9 2x&quot;]}\" \/><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9, https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_1.1709%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9 2x\" media=\"(min-width: 1020px)\" data-pb-im-config=\"{&quot;aspectRatio&quot;:1.776846,&quot;type&quot;:&quot;landscape16x9&quot;,&quot;width&quot;:620,&quot;urls&quot;:[&quot;https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9&quot;,&quot; https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_1.1709%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9 2x&quot;]}\" \/><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_0.6563%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9, https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_1.3126%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9 2x\" media=\"(min-width: 768px)\" data-pb-im-config=\"{&quot;aspectRatio&quot;:1.776846,&quot;type&quot;:&quot;landscape16x9&quot;,&quot;width&quot;:688,&quot;urls&quot;:[&quot;https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_0.6563%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9&quot;,&quot; https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_1.3126%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9 2x&quot;]}\" \/><img decoding=\"async\" class=\"_1srKI\" src=\"https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9\" sizes=\"(max-width: 767px) 382px\" srcset=\"https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_0.3607%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9, https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_0.7214%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9 2x\" alt=\"\" data-testid=\"Image-image\" data-id=\"e0862ed0b60edf9fd1d91734cf159b4008a629c9\" data-pb-im-config=\"{&quot;aspectRatio&quot;:1.776846,&quot;type&quot;:&quot;landscape16x9&quot;,&quot;width&quot;:382,&quot;urls&quot;:[&quot;https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_0.3607%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_85%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9&quot;,&quot; https:\/\/static.ffx.io\/images\/$zoom_1.457%2C$multiply_0.7214%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/e_sharpen:25%2Cq_42%2Cf_auto\/e0862ed0b60edf9fd1d91734cf159b4008a629c9 2x&quot;]}\" \/><\/picture><figcaption class=\"LuHig\"><em><strong>Melbourne selling agents are bracing for cash flow crunch as real estate operators and services close down as a part of the level four lockdown.\u00a0<cite class=\"_23SOU\">Arsineh Houspian<\/cite><\/strong><\/em><\/figcaption><\/figure>\n<p data-gtm-vis-first-on-screen-7770372_137=\"5851\" data-gtm-vis-total-visible-time-7770372_137=\"3200\" data-gtm-vis-polling-id-7770372_137=\"431\" data-gtm-vis-recent-on-screen-7770372_137=\"74644\">Real Estate Institute of Victoria president Leah Calnan said the lack of cash flow coming through the next six weeks would put a strain on the industry.<\/p>\n<p>&#8220;I think the introduction of tighter restrictions places an enormous amount of pressure on all businesses, including the real estate industry,&#8221; Ms Calnan said. &#8220;We&#8217;ll certainly be feeling the impact.&#8221;<\/p>\n<p>Macedon Ranges-based veteran selling agent John Keating said the new restrictions could lead to a shakeout in Victoria&#8217;s real estate industry, not just in greater Melbourne area.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.afr.com\/property\/residential\/melbourne-real-estate-agents-brace-for-a-six-week-drought-of-sales-20200803-p55hzk\">AFR<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"The extraordinary life of Enid Lindeman\" href=\"https:\/\/propertynoise.co.nz\/au\/the-extraordinary-life-of-enid-lindeman\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" 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at risk of losing millions as properties uninsurable against the sea\" href=\"https:\/\/propertynoise.co.nz\/au\/beachfront-homeowners-at-risk-of-losing-millions-as-properties-uninsurable-against-the-sea\/\" data-bump-view=\"tp\">Beachfront homeowners at risk of losing millions as properties uninsurable against the sea<\/a><\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Melbourne | Getty Images Real estate agents are bracing<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/melbourne-real-estate-agents-brace-for-a-six-week-drought-of-sales\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":20304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478098521,478108952,478110659,478098519,478098535,478109914,478098537,478100203,478099256,478110658,478110660,478098513,478101743,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098921,478099940,478098509,478099419,478098677],"class_list":["entry","author-data123nz","post-26538","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australians","tag-covid-19","tag-greater-melbourne","tag-home-ownership","tag-house-prices","tag-leah-calnan","tag-melbourne","tag-melbourne-auctions","tag-melbourne-real-estate","tag-melbourne-real-estate-agents","tag-melbourne-realtors","tag-property","tag-property-correction","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-franchise","tag-real-estate-institute-of-victoria","tag-real-estate-news","tag-reiv","tag-victoria"],"yoast_head":"<!-- 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