Useful facts without opinions: consumer sentiment and real estate
It probably goes without saying that home buyers need to feel good about their finances before they’ll purchase a home or investment property. So watching the consumer sentiment stats can be a great way to take a reading on where the property market is trending. Tuesday’s release of the latest ANZ-Roy Morgan survey showed a rise to 120.6 points and included these findings:
· Consumer confidence bounced, rising a solid 4.4%
· Consumers’ views towards their current finances jumped 5.4% to a post-GFC high, while views towards future finances rose a solid 4.0%.
· Views of the 12-month economic outlook rose a sharp 6.0%, while views of the 5-year economic outlook improved by 3.6%.
· Household views on whether ‘now is a good time to buy a household item’ bounced a sharp 3.8%.
ANZ Senior Economist Jo Masters: “Stepping back from the volatility, confidence has been trending higher since early 2016 and is now well above its long run average.”
Please share your opinion on the Brisbane real estate market!