Consumer confidence has a knock-on effect for various aspects of the economy, and not least the property market. There's good news if you're selling real estate in Bentleigh East at the moment, as three key indicators have acknowledged Victoria as the most confident state in the country.
The Australian Bureau of Statistics has released figures showing building work improved 2.1 per cent in the three months to September 2015. Over the course of the year, the increase registered at 13.8 per cent.
Meanwhile, the ANZ Stateometer found that household spending is strong throughout Victoria, as economic activity expanded at a higher than average rate.
The Westpac Melbourne Institute Index of Consumer Sentiment may have fallen 3.5 per cent in January, but it nevertheless showed Victoria to be in a league of its own. It registered the highest level of sentiment in the country at 105.8, as only two mainland states exceeded the 100 mark.
"Whichever way you look at it, the Victorian economy continues to perform well and Victorians are the most confident in the country," commented acting treasurer Gavin Jennings.
"In the end, this all means more jobs – with more than 47,000 full time jobs created since we were elected – and a prosperous economy for Victorians."
For sellers in particular, better sentiment means an improved chance of securing a buyer. You can also increase your chances by enlisting the help of an experienced real estate agent such as Matt Hurlston.
He's renowned for delivering sales results, with many people returning time and time again for help selling their homes in Bentleigh East. If you're interesting in making the move this year, ensure you speak to the team at Ray White Carnegie for a professional and efficient service.