| Latest Bureau of Statistics data reveals an increase in Victorian home loan activity, signalling a possible stabilisation of Melbourne's housing market. Victorian seasonally adjusted owner-occupied housing finance commitments rose 4.1 per cent in April compared with the previous month.
Seasonally adjusted, the number of home loans taken out so far this year is 1.8 per cent higher than for the same period last year: 51,150 owner-occupied housing finance commitments were recorded over the first four months of 2011, compared to 50,603 for the four months ending April 30, 2010.............................................Full Article: Source
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