Wednesday, August 26 2015
Westpac-Melbourne Institute Consumer Sentiment index released for August 2015 shows consumer sentiment increased by 7.8% to 99.5 index points. That’s a significant jump, and is good news for the property market, as a stronger consumer sentiment signals stronger consumer tendency or willingness to spend.
With spending going up, that means property buyers may be willing to spend more. That leads to an increase in property interest and, potentially, the price a seller will obtain.