Posted on September 27, 2021
Business closures, a rapidly rising unemployment level and
a plummeting share market have been the immediate major
impacts of the unprecedented government measures put in place
in March to stop the spread of the coronavirus.
The government restrictions also include measures that will
directly affect the real estate market in Australia.
Auctions and open house inspections were banned from midnight
on Wednesday 25 March for the foreseeable future. Almost 2,600
auctions that were scheduled to go ahead in the last weekend of
March alone across Australia were immediately cancelled.