Sales activity remained resilient through March despite mounting headwinds, with 1,119 sales recorded—the highest monthly total so far in 2026 and in line with volumes seen across the second half of 2025.
A further 363 contracts remain outstanding and have carried into April. This is broadly in line with the 12-month average, pointing to the potential for another month of solid performance even as consumer sentiment continues to soften.
Improved performance was not consistent across the regions with the West, typically the leader in overall sales volumes, seeing fewer sales than both the North and South East.
Project sales rates were strongest in the South East (8.6 sales per project). Projects in the North and Geelong also performed well, averaging more than six sales per project.
With fewer titled lots available, titled product accounted for just 24% of total March sales the lowest proportion since October 2023.
Continuing on from its improved performance across the second half of 2025, Geelong saw almost 500 sales across the first quarter of the year its best quarterly result since Q1 2022.
March GRIP reports are now live for subscribers at gripinsights.com.au.
For any custom reporting queries, reach out to Research Director Grant Neilson.