How long can Victoria ride the stamp duty wave?

Monday 26 October 2015

Victoria’s Department of Environment, Land, Water and Planning (DELWP) has released September’s data on the number of housing transfers and mortgage lodgements/discharges, which suggests that Victoria’s (read Melbourne’s) housing market is well and truly in the blow-off phase of the bubble.

According to the DTPLI data, the volume of housing transfers in Victoria jumped 10% in the year to September (see next chart).

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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.