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VIC Excerpt from the 2020 August Market report

Melbourne hosted 298 auctions over the second weekend in August. While the city's auction volume was down from the preceding weekend, the share of successful sales increased significantly from 55.1% to 73%.

WA Excerpt from the 2020 August Market report

According to the Real Estate Institute of Western Australia (REIWA), sales activity in the Perth metro region was up by 68% in July, driven by both dwelling and land sales. This growth in sales activity brings the market to the levels recorded pre-COVID-19 outbreak.

What could dampen building activity?

Two things will likely exacerbate the impacts of COVID-19 outbreak on the construction industry: slow population growth and tight lending requirements, says an economist.

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