Consumer Confidence Rises, With Optimistic Views On Property Prices
Hotspotting
English - April 21, 2023 06:45 - 3 minutes - 5.18 MBInvesting Business Society & Culture Places & Travel hotspotting propertyinvesting propertyinvestment firsthomebuyer smsfpropertyinvestment Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Strong Melbourne Recovery Is Already Under Way
Consumer confidence, that rather intangible but nevertheless important component of the property market, is showing signs of serious improvement.
And the area in which consumer sentiment has improved the most is with the outlook for property prices.
It’s the latest in a series of indicators showing evidence of recovery in the major markets which have been struggling since the beginning of last year.
The Westpac-Melbourne Institute Consumer Confidence Index lifted 9.4% in April, with confidence across mortgage holders growing by even more, at 12.2%.