GRIP Insights : January 2025

January saw 490 sales recorded with a further 227 deposits carried into February.

A 21% increase relative to sales recorded for January 2024, the market continues to show incremental signs of improvement ahead of a potential interest rate cut this month.

Headline insights:

• Rebates and incentives continue to prompt titled lot sales with 46% of lots sold in January titled. Titled lots made up 41% of Q4 2024 total sales.
• Unsurprisingly, just 311 new lots were released onto the market in January, almost half of the 2 year average at almost 600 new lots per month.
• Of new stock released, 35 lots were sold within the month with the majority of January’s sales recorded from existing stock on lists.
• Total stock on market continues to hover just over 5,800 lots representing almost 12 months supply at current sales rates.

January reports are now live for subscribers at gripinsights.com.au.

Contact Grant Neilson for any further info.