While there are already concerning signs the property market could slow due to the coronavirus pandemic, attracting buyers to an open home on this inner-city Brisbane street was always going to be a tough ask.
The five-bedroom home sits across 500sq/m at 44 Corona Ave, Ashgrove.
Real estate agent Richard Siganto said properties in the suburb “generally would have more than two people lining up at 10:06am“.
Only three people inspected the open home on Saturday, while crowds visited those in surrounding suburbs.
“They’re either scared they’re going to get sick or they’re waiting to see what the coronavirus does to the economy,” he said.
As the number of confirmed coronavirus cases rises, agents are confident the property market will remain strong.
Several potential buyers attended an inspection at Everton Park, while a home in New Farm attracted sold for $2.23 million.
The agent and new owners celebrated with an elbow touch.
“There’s no doubt though that people are very cautious, and they are cautious in that they are still searching for property online but the levels of search have really started to moderate,“ RealEstate.com.au Chief Economist Nerida Conisbee said.
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Industry experts warn auctions could soon be live-streamed, and inspections done through virtual reality, slowing the buying process.