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Why has consumer confidence hit a 2.5-year high?

By Matt Hurlston

We all like to feel upbeat once in a while, and judging by the latest consumer confidence figures, that’s just how many Australians are at the moment. The ANZ-Roy Morgan Australian Consumer Confidence Index for the week to 21 June showed that sentiment improved 2.1 per cent from a week earlier – that’s the highest level we’ve seen since November 2013.

While this spells good news if you’re in search of Glen Huntly real estate – not least because higher confidence means more people are willing to buy and sell – it also begs another question. What is it that’s making Australians so optimistic?

Looking on the bright side

There are all sorts of reasons why people feel their prospects are improving, explained ANZ’s head of Australian economics Felicity Emmett.

“Household confidence has likely been supported by a combination of positive factors: the RBA’s rate cut last month, robust economic growth, ongoing strength in the housing market and an improving labour market,” she commented.

Jobs growth is a particular bonus. The latest figures from the Australian Bureau of Statistics show that in March, employment increased by 3,700 in trend terms, while unemployment was down 2,200.

With the prospect of more jobs on the horizon, it’s easy to see why Australians have a spring in their step. Add to this the fact that lending rates are low and there’s never been a better time to enlist the services of a real estate agent in Carnegie.

Make sure you get in touch with Matt Hurlston and his team, who will be delighted to show you what Glen Huntly real estate is available and where you should be looking for your next home. If sentiment continues this upward trend, you could find yourself up against some stiff competition!

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