PM amid COVID-19

***Newsflash*** PM Bans Public Auctions, Open House Inspections in latest Crackdown

While the world is combating the corona virus disease 2019 (COVID-19), the Australian Government has stepped up the fight, with further restriction in an attempt to “flatten the curve” and reduce the spread of the disease. From nationwide social distancing to frequent advertisements of proper hygiene, the Australian government has been so stern and critical against the invisible foe. To further enhance the country’s serious fight, just a few hours ago Prime Minister Scott Morrison has ordered that “in the retail space, auction houses, gathering together in auctions rooms, that can no longer continue, real estate auctions and open house inspections, that cannot continue.” This means that no public auctions and open house inspections will be conducted during the course of the battle against the global threat of pandemic until fully contained. However, it is still expected that private inspections can continue and that there will be steep rise in virtual tours.

The announcement is following last night’s national cabinet meeting where Mr. Morrison addressed the media where he confirmed a series of new restrictions are set to be applied as part of the government’s efforts to combat the spread of COVID-19 on Australian realms. These bans are set to come into effect from midnight Wednesday, March 25th. Thus, as of now, other newly-banned services include beauty therapy, tanning, waxing, nail salons, and tattoo parlors. This idea has been practiced by almost all countries in the world that are scrambling against the virus that has killed more than ten thousand civilians across the globe. As remembered, the novel corona virus was first detected in Wuhan City, Province of Hubei, China in late December of 2019. Currently, it is infecting people all around the world over a large scale.

The PM also pointed out to encourage citizens to stay home “unless absolutely necessary”. He said, “Going out for the basics, going out for exercise, perhaps with your partner or family members, provided it’s a small group, that’s fine.” However, “going outside and going out and participating more broadly in the community” is not, the PM claimed before noting that the government wants Australians to “use their common sense” during this hardest time. Hence, absolute social distancing is encouraged for the people. He added, “That means BBQs of lots of friends, or even family coming together to celebrate 1-year-old birthday parties and those sorts of things, we can’t do those things right now.”

The movement of Australia to combat the disease concurs the idea of protecting the people. Real estate businesses may be shaken from the crackdown, but it’s a great way to effectively deteriorate the infection.

We expect the market to be disrupted in the short term as people adjust to the new “normal” and that technology can play a key role to assist the industry to continue to list and sell properties. Some of the technologies that agents will likely turn to include 3D tours, Virtual Reality and Facebook live. Realty.com.au has the capability to deliver these digital formats and with a geographically based social audience of more than 100,000 people, is well positioned to adapt to the evolving market conditions quickly.

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