The State Government of Victoria overnight updated the Stage 4 restrictions for real estate transactions. What does this mean for real estate in Victoria today?
New Sale Inspections – No onsite inspections are permitted. Only virtual, online inspections are permitted. Many real estate agents were hoping the maintenance of one on one inspections prior to the Stage 4 lock-down would have been preserved however that hasn’t come through.
Sold Properties – If a property has been sold then services related to property settlements are permitted. It is our view this does not include pest and building inspections to satisfy conditions contained in a contract and however valuation of properties by lenders in order to facilitate the provision of funds to meet a settlement in our opinion may be allowed. It is also reasonable that a purchaser could inspect a property for the purpose of a final inspection prior to settlement.
Removal Services – Removalist activities are covered under the new changes and are permitted to work.
End of Lease – Services in connection with end-of- lease activities are permitted. If a provision in a lease requires and carpet steam cleaning then this would be permitted along with the usual inspections.
Restrictions are changing daily, ensure you remain up to date on what you can and cannot do.
(subject to change)
