Highlights
Sale settlements
- Sale settlements in Oct-22 were down 0.9% on Sep-22, and down 5.5% on the same month last year.
Aggregate value
- Sale settlement aggregate value fell 4.5% MoM to $13.7B.
Settlement figures quoted are total settlements, they include digital and paper-based settlements for residential and commercial properties, unless otherwise stated. Any non-monetary settlements such as family transfers or gifts have been excluded.
Sale settlements
Total
- Oct-22 was down 0.9% on Sep-22, and down 5.5% on the same month last year.
Residential/commercial
- Residential settlements were up 0.8% MoM and down 4.7% YoY.
- Commercial was down 20.8% MoM and down 16.5% YoY.
Greater Melbourne/Rest of VIC
- Greater Melbourne Area was up 0.7% MoM in Oct-22, a 3.2% rise YoY.
- Rest of VIC was down 4.9% MoM and down 23.1% YoY.
Aggregate value
- Sale settlement aggregate value fell 4.5% MoM to $13.7B.
- This represents a 4.1% decline on Oct-21 which was $14.2B.
