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Is Brunswick’s property confidence on the rise?

By Jamil Allouche

Positivity is increasing across Victoria and many other states at the moment, which may be just the encouragement you need to go in search of property in Brunswick. Various indicators have suggested that the market is starting to pick up, including the latest ANZ/Property Council Survey.

Covering the September quarter of this year, the research shows that industry professionals are increasingly optimistic about what the future has in store. They're not only hopeful that property will continue to perform well, but also that the economic environment will facilitate further growth.

During the three months to September, the index reading stood at 131 and was unchanged from the previous quarter. Scores of 100 are considered neutral, so this shows just how positive the market is at present.

Victoria's index reading increased from 131 to 134 during the period in question, illustrating that the state is currently outperforming the national average.

"All the indicators point to a steady property market injecting strength into the national economy, creating jobs and boosting the supply of new housing," remarked Property Council chief executive Ken Morrison.

The ANZ-Roy Morgan Consumer Confidence Index also showcased positivity among Australians. During the week to 28 July, sentiment was up 0.6 per cent, building on the 4.5 per cent increase registered previously.

Consumers' perceptions of their own finances have been stable over recent months, improving 2 per cent compared to the previous week. People are also hopeful about what the next 12 months will bring for their finances, as this indicator was up 1.1 per cent.

If you're hoping to make the most of these conditions, be sure to get in touch with the team at Ray White Brunswick. We've been helping people find their ideal homes for many years and could be just what you need to secure your property in Brunswick.

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