Consumer Confidence Rises, With Optimistic Views On Property Prices

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%.