GRIP Insights : March 2025

830 contracts recorded in March is the highest volume of sales in a month since June 2022.

A further 282 deposits were recorded and carried into April still to be contracted. Average sales per project increased to 5.1 for the month with the 2 year average sitting at 4.0 sales per project.

Headline insights:

• Titled lots continued to see good demand making up 44% of total sales for the month.
• Despite this, it would appear that the titles office had a very busy month with 2,496 available lots at the end of the month titled, 250 more than the 2,246 at the end of last month.
• 867 new blocks were released to market during March ahead of public holidays and the upcoming election seeing interruption to release schedules during April and early May.
• The 6,088 blocks currently on market, represent just over 7 months of supply and sees Melbourne and Geelong continue to hover in the oversupplied range.
• The South East and North regions continue to trade within the balanced range of 3-6 months worth of supply.
• 41% of available stock on lists is now titled.

• Large Masterplanned Communities in the North and South East continue to contribute heavily to sales performance.
• The top selling lot type for the month was a 12.5 x 32, closely followed by 12.5 x 28 and 12.5 x 25.

See below for the full March Snapshot.

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

Contact Grant Neilson for any further info.