Victoria Real Estate Peak Body Urges Easing of Blanket Lockdown to Enable Property Transaction

Melbourne CBD and the Eureka Building (left), one of the tallest residential buildings in the world. There is presently an abundance of properties on the market in capital city areas, but there are very few people bidding at auctions. Sean Garnsworthy/Getty Images

The Victorian government’s harsh lockdown has invited strong criticism from the state’s real estate peak body for jeopardising livelihoods and assets of Victorians, pushing many families to the brink financially and emotionally.

Following the state’s announcement on Sept 5 of the reopening roadmap,  the Real Estate Institute of Victoria (REIV) called on the Andrew’s government to reinstate one to one inspection on properties to save the nation’s second-largest property market from crashing.