Melbourne's suppressed real estate market will burst out of the blocks once pandemic-driven restrictions lift and buyers and sellers make up for lost time in a spring season that is already surging ahead in Sydney, economists and agents say.
Extended bans on open inspections and on-site auctions in the city that was formerly the country's auction capital are only due to end on 26 October – although the state government has hinted at the possibility of easing them earlier – and buyers and sellers will be keen to make what they can in the truncated pre-Christmas market.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
