Victorian property trends by turnover

The Victorian Land Registry regularly reports the number of property dealings they process. The most common land dealings are transfers, new mortgages and discharge of mortgages. As most property sales have settlement periods of 60 to 90 days, the lodgements and reporting is always historic and never current. Property data from land registry therefore only gives you a rear view perspective.

Looking back however you can get some perspective to overall property trends on a Statewide basis.



The peak in the property market by number of sales was December 03. Whereas turnover in 2004 was down on 2003 by 9.2%. Turnover bottomed out by the end 2004 and beginning of 2005.

The figures in July 05 give the impression we have seen the bottom of the market by turnover. The good news being the figures tell us volumes are rising with the turnover in the July 05 quarter exceeding those in July 03.

Most agents are reporting listings are tight and that tells me that the spring sales of 2005 won’t match those in spring 2003 which exceeded 20,000. BH