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Market Status: ACTIVE

Market Overview

Victoria Residential Land Intelligence & Analytics

Available Lots

5,052

+12.4%

Avg. Price

$180K

-0.8%

Rate / m²

$316

+2.1%

Avg. Size

537m²

Flat

Lots Sold

4,164

+5.8%

New Listings

761

+1.2%

Victoria Corridor Mapping

Spatial distribution of development activity

Regional Map
Northern
Eastern
Western

Growth Intensity

High Density (> 20%)
Moderate (10-20%)
Stable (0-10%)

Regional Growth

Annual price appreciation benchmarks

WESTERN CORRIDOR +14.2%

Lead suburb: Tarneit (18.4%)

NORTHERN GROWTH +9.8%

Lead suburb: Mickleham (11.2%)

SOUTH EASTERN +4.5%

Lead suburb: Clyde North (6.1%)

GEELONG & SURROUNDS +2.1%

Lead suburb: Armstrong Creek (3.4%)

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insights

Suburban Intelligence Ledger

filter_list Filter: All LGAs
Suburb Name LGA Growth Avg. Price Efficiency Status
Tarneit Western Corridor
Wyndham City +18.4% $215,000
STABLE
Mickleham Northern Growth
Hume City +11.2% $192,500
OVERSUPPLY
Clyde North South East
City of Casey +6.1% $248,000
STABLE
Rockbank Western Corridor
Melton City +14.9% $175,000
HOT

SHOWING 4 OF 124 SUBURBS

Price Analysis

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Market Snapshot

Greater Melbourne Region

Median Price Trend

$214,500 +2.4% MoM

more_horiz
JAN 22 JUL 22 JAN 23 JUL 23 CURRENT

Median $/m² Trend

$342.10 +1.8% MoM

more_horiz
JAN 22 JUL 22 JAN 23 JUL 23 CURRENT

Price Distribution ($)

$50k $150k $250k $350k $450k+

Lot Size Distribution (m²)

100m² 200m² 300m² 400m² 500m²+
insights
trending_up
Price Momentum

Median prices have sustained a 2.4% MoM increase, primarily driven by the supply shortage in high-amenity growth corridors.

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Bracket Dominance

The $250k-$300k price bracket now represents 38% of all transactional volume across the western corridor.

square_foot
Yield Efficiency

Average $/m² for 350-400m² lots has peaked at $412, suggesting a shift toward higher density smaller-lot designs.

Market Benchmarks

Greenfield Real Estate Insights
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warning

Rebate levels remain elevated above historical averages, impacting true net realizations across major corridors.

info

Supply squeeze projected for inner-northern corridors starting Q1 2026; price escalation anticipated.

Melbourne

4.2 IDX
trending_up +0.4% MoM

Sydney

5.4 IDX
trending_down -0.2% MoM

SEQ

7.1 IDX
trending_up +1.1% MoM

Perth

7.8 IDX
trending_up +2.4% MoM

Adelaide

6.5 IDX
remove 0.0% MoM

Victorian Greenfield Market

Institutional Performance Metrics • Q3 2024

Median Lot Price

$399k

▲ 3.2% YoY

Effective Price

~$369k

Incl. Rebates

Median Lot Size

355m²

Stable vs Q2

Quarterly Sales

3,649

▼ 12% vs Hist.

Months of Supply

14.2

Neutral Range

Gross Realization

$1.12b

▲ 0.8% Qoq

Days on Market

88

▲ 14 Days

Land Rate $/m²

$1,124

Peak Levels

Stock Levels

18,400

Total Pipeline

Yield per Ha

18.4

Average Density

Approval Time

14.1m

Reg. Slowdown

Investor Share

12%

Historic Lows

Market Map
Live Corridor Pulse

Spatial Pricing Velocity

Top Performing Precinct
West Corridor 78% Sold
North Corridor 54% Sold

analytics Yield Sensitivity

Benchmark Basis 5.25% CAP Rate
Construction Index +12.4% Est.
Incentive Exposure Moderate Risk
Absorbtion Window 18-24 Months

*This ledger represents internal Grange Land Intelligence proprietary modeling based on real-time settlement data.

Growth Corridors

Interactive choropleth map — expanding to all 80 VIC LGAs

map

Interactive Map Coming

80 VIC LGA boundaries ready with heat colouring by median $/m²

Sales Velocity

Monthly listing and sales volume analysis

Total Sold

4,294

Active Listings

758

Avg Sales/Month

179

Months of Supply

4.2 mo