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June Results Snapshot

Are you sick of enormous research reports that never end? Looking for just a snapshot? We thought so! We hope you enjoy our short format snapshot of the land market performance in Victoria.

Whilst sales volumes were down in June, the larger master planned communities recorded significant sales volumes within the top 5. The difference between Number 1 and 5 was narrower than in previous months.

Sales volumes increased in the North and South East, whilst falling in the West and Greater Geelong. With Greater Geelong recording the largest decrease at 31%. With price growth subdued in June, increases to the median sold price in the North and South East were due to a greater number of larger lots being sold, which meant an increase in the median sold lot size.

In regions where supply is constrained, notably the South East and Greater Geelong, the top 5 trading estates accounted for approximately 50% of total sales in the month of June.

If you want to dive a little deeper get in touch to chat with our research team about learning a bit more.