Is sentiment, particularly housing sentiment, turning negative?

The Westpac and Melbourne Institute’s consumer sentiment index for June 2017 was released earlier this week.  The Index was recorded at 96.2 points which was the lowest monthly reading for the index since April 2016.

When the Consumer Sentiment Index sits below 100 points it means that consumers are more pessimistic than optimistic.  The Index has now been recorded below 100 points for seven consecutive months which is the longest run of negative sentiment the Index has…