QMI: March 2022

“Australia’s greenfield markets are continuing the transition to more balanced conditions following a record year in 2021.

The ongoing adjustment in the broader residential property market, higher inflation, higher interest rates and the reopening of international borders remain amongst the key underlying trends shaping this transition.

Sales volumes and enquiries have moderated from recent highs but remain healthy. Demand has moderated but stock availability is also a factor.

While prices continue to increase in some markets, we are beginning to see prices stabilise in other markets mirroring trends in the broader residential market.”

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Julian Coppini

Chief Executive Officer - Project Marketing