If you’re a regular reader of these posts you’ll know that we’ve been reporting on a growing sense of confidence among the home buyers we have been talking to in recent months. However, the latest ANZ – Roy Morgan Consumer Confidence report, (which was released on August 5th), brings this trend into sharp focus.

The latest insights into the state of mind of Australian consumers indicates that this week consumer confidence hit its highest level for more than three years. The figure for the first week of August reached 90.6, which is the first time this key economic indicator has gone above 90 since May 2022. This is a clear increase on the 86.7 recorded at the end of July, and is an impressive 9.3 points above the number recorded in the same week last year.

More importantly if you’re weighing up whether to make your move in the Spring property market in 2025, not only did 22 per cent of respondents say that they felt better off financially than at this time last year, but 28 per cent also said that they expected to be better off financially by this time next year. That’s a lot of positivity to take into the remainder of the year, isn’t it!

Put all these statistics together and you’ll find a convincing argument for bringing your own property plans to reality. So if you are keen to access experienced and objective advice and guidance, our team at Barry Plant Thomastown are ready and able to assist.

Feel free to give us a call this week on 9466 3233.

Cheers,

Con Constantinou

Barry Plant Thomastown