Housing confidence growing

Housing confidence growing

If you think this year is the right time to pursue your property dream, then you are not alone.

Every year there is a stack of surveys taken about consumer and industry confidence.
While the news has been a bit glum in recent times, things changing in the property and construction sectors where hopes are finally lifting for 2013.

The latest Property Council-ANZ Property Industry Confidence Survey shows that confidence for the March 2013 quarter has increased after six months in the doldrums.

The quarterly survey asks thousands of people in the property and construction sector across Australia how they feel about the future. And this is the first time in a long time that things are looking up. 

The biggest jumps in confidence are in Western Australia, South Australia and Queensland, while the most confident states were WA and the Northern Territory.

The sentiment in NSW is pretty good and Victoria is slowly growing in confidence, but still a little bit negative.

Queensland has sprung back from a period of negativity and is now positive again. 
Both Tasmania and the ACT continue to buck the trend with sentiment dropping. And people are still concerned about Australia’s economic growth prospects. For the sellers, the survey also hinted at signs of a housing recovery.
With funding easier to find in the construction industry, people are also feeling confident about the amount of work available this year. And the prospect of there being more jobs in 2013 has finally stabilised after 18 months of steady decline.
So far 2013 is looking good. So happy house hunting and good luck!

By Marie Mortimer. You can follow Marie on Google+

Image credit: krzysztofb

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