Improving Conditions Signal a Turning Point

There is a quiet but unmistakable lift in Victoria’s greenfield market. After two years coloured by caution, rising costs, and fluctuating sentiment, momentum is beginning to return. It is shaped by population growth, improving affordability, and the steady realignment between what buyers want and what developers bring to the market.  

Across Melbourne and Geelong, Q3 delivered the strongest quarterly sales result in more than three years, supported by modest price growth and steady improvements in affordability. Additionally, ANZ’s Daniel Gradwell notes in this quarter’s Q&A that the lower end of the market is showing the strongest growth in four years thanks to the 5% deposit scheme.  

Read the full report, which explores these and other dynamics in detail. It unpacks the latest data and sentiment shifts shaping the Victorian greenfield market.