Late last week, our prime minister Scott Morrisson announced a three stage easing of restrictions. Each state is able to determine their own speed of implementation.

Part of stage 1 easings are the ability to hold group property inspections and on-site auctions. Now, this is something I get really excited about because I’m of the opinion that our property market and a significant portion of our economy is still in good shape, even though we’re seeing reduced activity.

The announcement of the group property inspections and the on-site auctions will in my opinion see a fast tracked increase of activity in the property and finance market. If we take a look at the auction clearance rates, we see great results for Sydney and Melbourne with 76 and 65 per cent respectively. Granted, there weren’t a lot of auctions held, but add those great percentages to nearly 2 thousand privately sold properties across both cities and it shows renewed confidence.

I look forward to seeing what next weekend will bring us, in particular in Sydney, as Melbourne will have to wait a bit longer before stage 1 easing of restrictions is fully implemented.

Funny fact: WA had an unreal auction clearance rate, last weekend, of 100% sold.

Given that I encourage anyone to do their own research, rather than assuming opinions and positions based on information we are being fed, I encourage you to find out what the reason is for this insane clearance rate and PM me with the answer.