Prime Minister announces new restrictions on OFIs and Auctions

Date: 24 Mar 20

Prime Minister announces new restrictions on OFIs and Auctions. REIV is seeking further clarification.
Prime Minister Scott Morrison has just announced new limits on gatherings. The announcement states that open house inspections, auction houses, gatherings in auction rooms and real estate auctions can no longer continue. These restrictions will apply from midnight 25 March 2020.

We are seeking urgent clarification on issues like online auctions, inspections by appointment and other online methods of selling. 

No further information has been provided at this time regarding leases.

We will share information as soon as it becomes available.

As per our earlier advice it is critical that all businesses follow the health guidance provided by government authorities. The Government has been very clear about avoiding people interaction where possible. If you have staff in your office that can work remotely, please do so. You must modify your work practices to ensure the safety of all involved. 

The situation continues to evolve so it is important that you review your work practices and monitor the advice daily.