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Post-Election Consumer Confidence Ready to Bloom

Post-Election Consumer Confidence Ready to Bloom

It’s not only the weather that’s looking up this September – according to a Roy Morgan Research poll, consumer confidence levels are the highest they’ve been in four months, with election madness over for another 3 years.

The weekly Roy Morgan Consumer Confidence Rating has risen to 119.4 (up 3pts in a week since August 17/18, 2013), driven by increases in confidence about prospects for the next 12 months.

44% of Australians expect to be ‘better off’ financially this time next year. 55% say now is a good time to buy major household items and, by extension, property.

This trend is most clearly expressed in the Australian housing market. Fuelled by historically low interest rates, the housing market is blooming with national clearance ratings moving from solid to strong over the last month.
Sydney achieving its highest full-monthly clearance rate on record on the weekend of August 24/25, with Melbourne and other capital cities not far behind.

As we move into the housing market’s traditionally strongest season, it seems there’s never been a better time to invest in or buy property.

The housing market is a great investment right now. If you’re ready to build wealth through property, let me know – I can talk you through the lender’s most attractive offerings.

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Friday, 20 October 2017
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