Research Hub

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 | May.’21

• Sales have fallen by approximately 27%.
• Dwelling approvals rise by 14% in Q1.’21.
• Median land size fallen in most growth areas.
• The median land price remained at $328,000 and a median land size of 400sqm.

Red23 Research Hub | Apr.’21

• Robust demand for land in all municipalities.
• Land lots spend under 3.5 months on the market.
• Metro Melbourne median land price increased by 1% to $328,000.
• Stock availability at its lowest with most municipalities with under 200 land lots to sell.

Red23 Research Hub | Mar.’21

• Little MoM change in the median land price.
• 57% decrease in the number of Titled lots available.
• 44% decrease in the number of available.
• Victoria is on course to rebound from the pandemic faster than any other state.

Red23 Research Hub | Feb.’21

• Trend: demand for larger land sizes.
• 12.5x28m conventional land size the most popular.
• Land prices remain at its most affordable, median land price of $322,000.
• Casey records YoY price growth of 6.97%.
• Victorian economy rebounding and predicted to be the fastest growing in Australia.

Red23 Research Hub | Jan.’21

• Nearly 15,000 land sales were made in 2020, doubling 2019.
• Largest land sales increase were in Whittlesea (129%), Melton (+123%) and Mitchell (+82%).
• Land prices remain at its most affordable, median land price of $322,000.
• Casey land price highest, over $360,000.
• Consumer Confidence rebounded, highest level since Oct 2010.