Queensland’s slowing housing activity

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By Leith van Onselen

Below is a quick update on the latest fortnightly State Government data on housing transfers and mortgage lodgements for Queensland.

As shown below, the number of housing transfers and mortgage lodgements (including refinancings) bottomed in December 2012 and has been rising gradually ever since, commensurate with Queensland housing prices. However, the trend is slowing and appears to be approaching an inflection point:

ScreenHunter_6169 Feb. 19 16.30

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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.