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The benefit of real time market intelligence
Red23 invests in local, regional and national research. Our research team is focused on delivering real time market intelligence to our clients. We are not a consultancy, rather an exclusive service to our partners.
Red23 offers both economic analysis and growth area expertise - fundamentals to a competitive project strategy. We also provide our developer partners with tailored market research and monthly competitor dashboards to help monitor the competitive landscape.
Red23 Research Hub | Feb.’22
- Affordability challenges as Victoria’s construction annual growth rate is 7.1%.
- Southeast suburbs continue to be price leaders.
- Gr. Geelong monthly price fall of 12% and decrease in median land size.
Red23 Research Hub | Jan.’22
- Western corridor had 41% market share in sales.
- Land sales volume fell 49% in the last quarter.
- Metro Melbourne median land price at $358,000, 11.18% increase YoY.
- Gr. Geelong highest yearly price gain.
Red23 Research Hub | Nov.’21
- Land sales were strong in all quarters of 2021.
- 1300 land lots available at the end of October.
- Median land price increased 7% YoY and average 1% MoM to $341,000.
- Weakening in demand expected in 2022 across all housing sectors.
Red23 Research Hub | Oct.’21
- Land taking 1.5 months to sell.
- Sales increased by 5.2% in September .
- Over 2000 lots sold in Gr. Geelong to date.
- Regional and semi regional areas remain strong.
Red23 Research Hub | Sept.’21
- Deteriorating affordability may push buyers to regional or medium density living.
- Land size decreased by 3% in Metro Melb; 17% in Gr. Geelong.
- Mitchell Shire continues to have most affordable land lots.
- Median land price increased by 1% in August to $332,400.
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