January 2024 Results Snapshot

  • Category Research
  • Date 15.02.2024

The retail land market had a relatively sluggish start to the year with a total of just 404 sales recorded across Melbourne and Geelong in January, a 12% decrease on the number of sales recorded in December.

The Ladder (Gross Sales)

Each of metropolitan Melbourne’s regions were represented in the top 5 trading projects in January with both the North and South East having two entrants and the West one. For the first time in the current market cycle no project recorded more than 20 sales in January.

Sales by Region

After recording its highest monthly sales volume for more than a year in December, sales in the South East were down by 41% in January. This significant fall weighed on the overall sales numbers across Melbourne and Geelong with other regions recording a similar number of sales in January as recorded in December.

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