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Your CartConfidence rises as economy improves
26th January 2010
Rising interest rates have done little to dent household confidence about the outlook for their own finances or the economy. The measure of consumer confidence compiled by the Melbourne Institute and Westpac rose 5.6% in January to 120.1 points, close to the peak reached in 2007 when the mining boom was at full strength. "The most important fillip to confidence was the continuation of positive surprises on the employment situation," Westpac chief economist Bill Evans says. The survey was conducted after it was reported Australia's unemployment rate had dropped from 5.7% to 5.5%.
News Items
- Interest rate unchanged for 4th consecutive month
- Spring myth pervades media misinformation
- Property analyst refutes under-supply claims
- Negative gearing will stay: Federal Treasurer
- Interest rate unchanged for 3rd month running
- REIQ data confirms No Go Zone status for coasts
Investment Strategies
- Borrowers advised to pay down debts
- Buyers will pay more for green features: poll
- Regional towns out-shine the Gold Coast and Brisbane
- Big renovations fail to recoup costs on re-sale: poll
- Breaking fixed loans benefits some borrowers
- More borrowers opt for fixed rate
Investor Alerts
- Flooding the biggest turn-off for home buyers
- NSW stamp duty moves likely to spur new building
- Rail suburbs continue to provide higher growth
- Lenders strong as Fed Govt guarantee ends
- Bargains available in over-supplied Gold Coast market
- Borrowers urged to check interest rates
Feature Articles
- Price data shows "boom" confined to select areas
- Foreign investment rules tightened to stop “over-heating”
- Sydney’s fastest-growing suburbs – take a cut lunch
- Property investors using equity to fund purchases
- Interest rates on hold again – but for how long?
- Hand-outs for property owners and home buyers in State Budgets
The Australian
- Housing industry's missing persons reports pure fiction
- Boom Times for the Rich
- Spin won't solve Mt Isa's problems with pollution
- Ugly duckling suburbs offer a chance to feather your nest
- Hold the hate mail from mining capitals and millionaires' row
- Sea-change locations need more than the lure of the ocean
Good News Focus
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