The NSW real estate industry is looking forward to this weekend more than most.
After a six-week partial lockdown, the state government has given property agents the green light to open homes for inspection and hold on-site auctions.
Buyers had been limited to viewing properties by private inspection only and auctions were being conducted online due to social distancing measures enforced in mid-March.
But with strict health guidelines in place, the restrictions have been lifted in NSW - as of Saturday, May 9.
Hand sanitiser will be mandatory and stringent cleaning of properties will be required. Those with symptoms of illness will be barred from attending inspections or auctions.
Restrictions have been easing in various degrees around the country with Queensland Health having allowed inspections with up to six people (including the real estate agent) from May 1. However, in-room auctions and open homes are still banned in Queensland.
The Western Australian government announced last Sunday that up to 10 people at a time would be allowed to attend open homes.
Data showed that between March 23 and April 10, new sale listings dropped 12 per cent compared to the same period last year, while more than 14 per cent of vendors revised their price expectations, reducing them by 4.36 per cent on average.
But that has not meant the market has been stagnant - far from it.
In Albury on the NSW-Victorian border, farm and family lifestyle holding, Old Toonallook, has been sold - before its auction date.
The sale price is undisclosed but within the pre-sale estimation in the mid-$2 million dollar range, Rodwells Ruralco Property agent Dave Colvin explained.
"The purchasers are an Albury-based professional couple who plan to reside on the property with the convenience of a thirty minute commute into town
"This results shows that even in uncertain times with impediments to a traditional property sale process there are buyers prepared to act on the offer of a quality property" Dave Colvin said.
Meanwhile at Ben Lomond on the state's Northern Tablelands, a grazing property in the one family for almost 50 years was sold under an online hammer.
The 414-hectare Oakholme at Ben Lomond sold at auction for the Melville family for $4.8 million, Ray White Rural NSW co- director Andrew Starr explained.
The property, which also comes with a four-bedroom home, attracted seven registered bidders. With four active participants, the competitive online auction began with a $3 million starting bid and received a total of 17 bids.
"From this the property received both local and interstate interest throughout the campaign and all in all it was very strong all the way through with the quality of interest being very high," Mr Starr said.