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May 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 May a number of masterplanned estates which released new stock were able to record significant sales volumes, in total 8 estates recorded more than 30 sales for the month.

Sales volumes across most corridors fell in May, with the South East, West and Greater Geelong all recorded decreases of more than 20%. Price growth was subdued in May, increases to the median sold price in the West and Greater Geelong were due to a greater number of larger lots being sold which lead to an increase in the median lot size.

In May sales volumes were highly concentrated within a few estates that recorded a significant number of sales. Across the North, South East and Greater Geelong regions the top 5 estates accounted for between 47% – 55% of total sales for the region.

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