VIC housing posts strong end to 2015

Wednesday 27 January 2016

Victoria’s Department of Environment, Land, Water and Planning (DELWP) has released December’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 7.9% in the 2015 calander year in rolling annual terms (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.