Business
Consumer confidence hits 10-year high – The Australian Financial Review
Consumer confidence has “fully recovered” from COVID-19 and is now at its highest level since October 2010 while the rapid housing turnaround means affordability…
Of the five key sub-indices, four rose.
The only one that did not was the “time to buy a dwelling” index, which dipped back down from November’s seven-year high.
“This suggests the turnaround in Australia’s housing markets which are all now seeing price gains may be starting to shift views on affordability and prospects for bargain buys,” Mr Evans said.
“The index is usually a good gauge of buyer sentiment amongst owner occupiers, a group that is more sensitive to fluctuations in affordability.
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