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More positive outlook for Australian consumers

By James Brown

Consumer confidence has a massive impact on various parts of the economy, and not least people's willingness to make big purchases such as real estate in Deception Bay.

Results of the ANZ-Roy Morgan Consumer Confidence Index for the week ending 22 February suggest this is finally starting to improve after a long period of instability.

The index had experienced four weeks of declines, but eventually witnessed an increase of 0.9 per cent over recent days.

ANZ chief economist Warren Hogan explained that there's still some way to go before the results improve entirely, but this is at least a step in the right direction.

"Rising house prices and new cyclical highs for the equity market do not appear to be having much of an impact on confidence at the moment either," noted Mr Hogan.

However, this is likely to come as good news to anyone who has invested in property – and it may even give you the incentive to do so if you've been considering it for a while.

For help with your first real estate venture, make sure you speak to a team of real estate agents in Burpengary.

Our experts are here to help you every step of the way, no matter what the future might have in store for consumer confidence.

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