Signs Melbourne housing is losing steam

Advertisement

By Leith van Onselen

Victoria’s Department of Environment, Land, Water and Planning (DELWP) has released April’s data on the number of housing transfers and mortgage lodgements/discharges, which suggests that Victoria’s (read Melbourne’s) housing market is beginning to lose steam.

According to the DTPLI data, the volume of housing transfers in Victoria rose by 6.5% in the year to April 2016 in rolling annual terms (see next chart).

ScreenHunter_13112 May. 25 15.32

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.