Monday, September 27, 2010

Auctions rescheduled ahead of AFL rematch

The Real Estate Institute of Victoria (REIV) expects a large number of auctions to be rescheduled ahead of Saturday's AFL grand final rematch.

Grand final weekend was one of the slowest for auctions with about 50 across Melbourne.

Almost 600 auctions are planned for this weekend.

A spokesman from the REIV, Robert Larocca, says it is an unprecedented situation for the Melbourne auction market.

"We won't know for a day or so. Some [auctions] will shift to earlier in the day, some will shift to Sunday and some will shift to the weekend after," he said.

"It will depend on the day, place and time and how the agent and vendor are feeling."

Source: ABC News

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