How's the land market trending?

Sales volumes have stabilised through August down just 2% from the previous month. Price increases continue to be smaller than those observed over 2021 and into the first half of 2022 in response to the changing market.

The Ladder (Gross Sales)
In August the top 5 is dominated by estates in the West Region who occupy the first 4 positions.

Sales by Region 
Changes in sales volumes varied significantly by region in August with Greater Geelong experiencing a 35% increase from that recorded in July, whilst the North Region saw a 23% decrease. Price increases continue to be smaller than those observed over 2021 and into the first half of 2022 in response to the changing market.

Estate Market Share by region.
Across each region the top 5 selling estates accounted for over 35% of total sales. This proportion was highest in the South East and Greater Geelong where the top 5 selling estates accounted for 43% of total sales.