Tag Archives: encouragement
Sentiment is Strong … Despite the Economy
Posted on 10. Jul, 2009 by Chris Lang.
These graphs are painting a very encouraging picture.
As you can see, the Westpac-Melbourne Institute consumer sentiment index increased strongly by 9.5% for June.
And that means it has now leapt by some 23% since May — the largest 2-month increase for over 30 years.
First-home buyers have also been active, accounting for nearly 30% of […]
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Demand Finally Surfaces!
Posted on 13. Mar, 2009 by Chris Lang.
The pent-up demand for housing serves to underline that this downturn is more like the credit squeeze of the mid-1970s, than the recession of the early 1990s.
It’s principally a confidence thing.
However, the recent surge in purchases by first-home buyers confirms that with the encouragement of low interest rates and government hand-outs … the buyers will […]
