News

Cash Rate Remains On Hold At 0.25%.

05 May, 2020

The RBA has decided to leave official interest rates on hold at 0.25% . Albeit the current economic downturns, infection rates are reduced and if this remains, the recovery in...

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Caution Of New Build Pricing During Uncertain Times

08 April, 2020

Our February Land Market Report detailed the market recovery after bottoming out in June / July 2019.  Here, we compare the median house and land package prices to the median...

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Cash Rate Unchanged

08 April, 2020

At the Reserve Bank of Australia’s monthly meeting on 7 April 2020, the Coronavirus health issue was discussed and its significant impact on economies and financial systems around the world.

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Watermark, Armstrong Creek Shape Homes

08 April, 2020

Watermark has launched a brand-new townhome precinct, in collaboration with Shape Homes. It will consist of 26 full turn-key townhomes with quality inclusions including stone benchtops, downlights and front and...

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Sold | Riverwalk, Werribee

08 April, 2020

Red23 was appointed the selling agent for Lot Y at Riverwalk, Werribee. The site is 1.075-hectare in size and located within 200m of the existing Riverwalk Village Park.

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We Are Open For Business

27 March, 2020

Our land sales offices, townhouse display suites and real estate office are operating by appointment only. Our team will continue to support sales enquires, purchaser and resident enquiries.

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Red23’s COVID-19 Corporate Announcement

27 March, 2020

Firstly, our thoughts are with those who are directly impacted by the Coronavirus (COVID-19) and the brave and committed professionals and carers who are at the frontline of this epidemic.

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Update on Terry Portelli’s 'Doing Good Reward’s' Ride

27 March, 2020

In April, Red23’s Managing Director Terry Portelli, was set to participate in Hands Across the Water's corporate fundraising initiative ‘Doing Good Rewards Ride.’ This was to be a 500km bike ride...

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Market Volatility Causes Unscheduled Rate Cut

20 March, 2020

During an unscheduled meeting on Thursday 19 March, The Reserve Bank Of Australia created an unprecedented comprehensive package to support the Australian economy through the challenging period of the Coronavirus.

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Red23: January 2020 Land Report

17 March, 2020

Red23 recorded over 7,500 land sales in 2019 across Melbourne and Greater Geelong’s 8 growth area municipalities. Sales have tumbled since its peak in 2017 of over 21,000, a dip of approximately 66% in...

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