GRIP Insights - November 2025

November delivered a solid result for the Victorian greenfield market, recording 1,177 sales for the month. While this is a step down from October’s standout performance of 1,313 sales, it’s the second highest volume recorded for 2025.

A softening in enquiry and transactional activity heading into December is typical as buyers redirect focus toward the holiday period, developers begin winding down releases, and decision-making generally slows.

Importantly, the underlying indicators that supported October’s strong outcome – stable pricing, limited titled-lot supply, and a broad base of active purchasers – remained in place throughout November.

Key takeaways for the month:

Still a strong result – 1,177 sales is well above the levels seen through mid-2025 and reinforces the steady momentum returning to the market across the second half of the year.

Geelong recorded an increase in sales volume for the 4th straight month, whilst the South East held steady. Both the North and West recorded 18% decreases in volume relative to their October result.

Titled stock on market continues to decline – at 1,816 lots, titled supply is at its lowest since August 2024 and makes up 30% of total stock on market. Titled lots accounted for over 40% of sales this month.

The November result caps off a year of rebuilding momentum for the Victorian greenfield market. While December may show a further seasonal dip, this calendar year will see the highest annual sales volume since 2022. All indicators point to a confident start to 2026 once buyers re-enter the market in the new year.

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

Reach out to Grant Neilson, Director of Research for any custom reporting enquiries.