How consumer confidence affects the market?

Consumer confidence is one of economic indicators. It measures the optimism of the consumers to the economy. Housing market depends on the consumer confidence. When economy expands, typically consumer confidence increases. Will consumer confidence performs well to the market?

According to RP Data research Director Tim Lawless, “A drop in consumer confidence could put a dampener on the housing market, which had shown strong improvements since the start of the year.”For the previous month, consumer confidence had fallen and purchases decrease. The market is slightly pessimistic because of the unemployment. When consumer confidence is high, consumers will purchase/invest more houses that lead to have an optimistic market.

http://www.perthnow.com.au/realestate/lower-consumer-confidence-could-put-a-dampener-on-the-market/story-fnhlgp12-1226858156877

Housing Market confidence has fallen

According to RP Data Survey, “Hosing market confidence has fallen just a tad over the 12 months.”

 But the RP Research Director Tim Lawless says, “The most optimistic responses came from participants in areas where dwellings haven’t shown a substantial rise in value in the current cycle.”

 

The Australian dollar burns, the share market continues to feel the strain and currency would have been expected to decline. Despite of all negative feedbacks, the market indicates the growth forecast and investors have already decisions for future projects. Australians are very optimistic and they believe that’s values will rise, housing market will grow for these coming years.

http://www.apimagazine.com.au/api-online/news/2013/10/market-confidence-drops-slightly-rp-data

A Better Property Market Activity

Confidence is very important for the property marker o encourage investors and the industry to perform better. Nowadays, the latest survey shows confidence is very strong that really helps the market to become more competitive.

According to Property Council of Australia Chief Operating Officer Ken Morrison, “There is a feeling would-be buyers are returning to the market after a tough couple of years.” We cannot deny the fact, that confidence has risen and the real estate agents are feeling good because of the business trend. We see some factors that driven the said confidence namely are the following: house prices increase, low interest rate and have population increase. In line with this, agents and business sectors believes that investors and homebuyers are returning to the market. Despite of the ups and downs, but still we are still very optimistic perspective about property market.

http://www.perthnow.com.au/business/breaking-news/real-estate-agents-confidence-soars/story-fnhrvfsf-1226623045471