Day: May 17, 2020

Post-Pandemic Migration from Expensive Cities Likely, Survey Finds

Survey shows more than 50% of people in New York, Seattle, San Francisco and Boston would move if work-from-home became permanent.

The sudden shift to remote work, brought on by the coronavirus shutdowns will accelerate a major migration away from expensive coastal cities. According to a new survey of homebuyers and sellers from Redfin, 1 in 4 newly-remote workers expect to continue to work remotely once shutdowns end, and over half of respondents would move if they never had to go into an office.

“Redfin is preparing for a seismic demographic shift toward smaller cities,” said Redfin CEO Glenn

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Weekend auctions: Surprise competition as live action resumes in capitals

Victoria kicked off its first on-site auctions since bans were lifted, and some NSW sellers scored big with strong competition from bidders, amid a busy weekend of activity in the auction capitals.

Latest realestate.com.au auction data shows Victoria had a clearance rate of 70% in its first weekend of live auctions in eight weeks, while NSW hit 73% after coronavirus bans were lifted last week.

1 Kyarra St, Hampton sold in one of Melbourne’s first auctions back.


Nerida Conisbee, realestate.com.au’s Chief Economist, said while auctions were “trending back to normal” in Sydney and Melbourne with return of on-site sales, it

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