2024, it's not done yet.

In November, 688 Gross sales were recorded with a further 213 deposits carried into December.

Whilst a drop from the 790 sales seen in October, November’s result is a 23% increase on the volume seen in November 2023 (559).

➡️ 41% of lots sold for the month were titled

➡️ Clyde region performed strongly with an average of 11.2 sales per trading project for the month

➡️ The broader South East saw a 10% increase in sales volume from October to November

➡️Tarneit/Truganina continues to be challenged by an oversupply of titled stock, 300 lots or 44% of available stock

➡️Similarly, in Armstrong Creek 55% of stock is titled however, only 9 new lots were released for November and titled sales outnumbered untitled 2.1. to 1.

➡️An additional 719 lots were released to market during the month with the total stock on market continuing to rise to over 5,800 lots

November reports are now live at gripinsights.com.au.

Contact Grant Neilson for any further info.