Every great home starts with a great partnership. That’s why our Sales Agent and Estate Manager recently welcomed our builder partners to The Ridge at Riverhills for our latest Builder Breakfast, a relaxed morning of coffee, croissants, conversations and a closer look at the market and strong progress happening across our estate.
The market at a glance
We kicked things off with a look at the bigger picture. Greater Melbourne recorded 14,407 gross lot sales in the 12 months to August 2026, down 3% year on year and 31% below the long-term average of 20,923.
One of the clearest trends we discussed is a shift in what buyers are choosing. In Wollert specifically, buyers have moved from titled lots in late 2025 to lots titling in 12 months or more, which is around mid-2027. This suggests they’re keen to lock in today’s land pricing and build later.
Only 12% of Wollert’s stock on market is projected to title by the end of 2026, compared with 41% across the wider Whittlesea corridor. Most of the stock coming through will title from mid to late 2027. There’s also good news on stability too, with cancellations easing to 15% in 2026 to date.
What buyers are looking for
While around two-thirds of Wollert sales (67% in the last 12 months) are for lots under 350m², our database shows Riverhills buyers, and more than half of our wider database, are looking for lots larger than 400m².
That’s where The Ridge at Riverhills stands out. With stock on our current pricelist up to 634m², there’s room for bigger family designs, generous backyards and space to grow, giving our builders the opportunity to showcase the homes these buyers are searching for.
The tailwinds behind the market
We wrapped up the market discussion with the factors supporting demand in the months ahead:
- Population growth. Strong net overseas migration and natural population growth continue to drive demand for new homes.
- Buyer support. First home buyer grants, low deposit schemes and rebates are helping reduce the barriers to entry in the market.
- More choice. With the huge variety of lots within our estate, there’s something to suit every buyer.
- Affordability. Melbourne continues to offer an affordability advantage over New South Wales.
Thank you to our builders
A big thank you to every builder who joined us. Your continued interest and attendance help make The Ridge at Riverhills such a great place to build, and we’re already looking forward to the next one.
Thinking about building at The Ridge at Riverhills? Our friendly sales team are always happy to chat about the land opportunities available. You can reach us on 0427 357 598 or riverhills@rpmgrp.com.au.
