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The Linden

Off-the-plan sales to continue amid stage four lockdown

Technology implemented since Melbourne’s first lockdown is expected to keep househunters’ home dreams alive for the coming six weeks.

 

The city’s developers and new home builders have embraced virtual reality and online trading and are prepared to soldier on.

Last weekend Villawood Properties used an online ballot to sell 14 super-sized blocks of land worth an average $462,000 in the space of 40 minutes at a new estate in Sunbury.

The Sherwood Grange launch went “smoothly”, despite then-stage-three restrictions across Melbourne, chief executive Alan Miller said.

While demand had tapered since an initial spike in response to the government’s $25,000 HomeBuilder grants across late June and early July, it would continue online despite the city moving to a stage four lockdown, Mr Miller said.

Burbank Group managing director Jarrod Sanfilippo said the home builder would be very busy over the coming six weeks with a web portal needed to lodge applications for HomeBuilder expected to be online mid this month.

They were also seeing significant uptake of digital offerings including electronic document signing and their MyPlace3D software, which allows prospective homebuyers to design a home from their living room.

Castran Gilbert director Michael Lang said the project marketing firm was expecting to keep the market moving after the previous lockdown encouraged many developers to implement virtual tours and electronic contracts.

Read full article here – https://www.realestate.com.au/news/off-the-plan-sales-to-continue-amid-stage-four-lockdown/