Agents also reported growing buyer interest in online bidding platforms and virtual tours of listed properties as house hunters sought to avoid large crowds. More than 900 properties were scheduled to go under the hammer across the state this week, nearly 20 per cent more than last week, but some auctions were originally scheduled for later this month. MORE: Ghost auction a roaring success History offers clue to virus impact on housing Preliminary CoreLogic data showed nearly one in five of these homes have already sold through pre-auction deals. Auctioneer and Cooley Auctions founder Damien Cooley said vendors were getting nervous and hoping to get their sales concluded while the market was still in “good shape”. The auction market has remained strong but there are fears it could weaken. Picture: Julian Andrews/AAPSource:News Corp Australia It’s one of the first signs the real estate market is beginning to reel under the pressure of the coronavirus panic. Auction clearance rates have stayed high for most of the month, with last week’s auction clearance rate only marginally lower than the week before. The final clearance rate was 68.1 per cent, down from the 75.2 per cent the week prior, but well above the… Read full this story
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