Victoria’s Department of Transport, Planning and Local Infrastructure (DTPLI) has released November’s data on the number of housing transfers and mortgage lodgements/discharges, which suggests that Victoria’s (read Melbourne’s) housing market has peaked.
According to the DTPLI data, the volume of housing transfers in Victoria fell by 11% in November, but more importantly – since the data is not seasonally adjusted – transfers were down by 3% over the year and look to be past their peak (see next chart).
