Such a small survey size is likely to see different results between the previous and most recent survey that could that could account for the shift in attitude, but it does match up with other surveys that have been conducted about consumer sentiment.
Over to you, PropertyInvesting.com – what do you think?
All your stats seem to come from that source….Just checkin is all.
Just over 1000 people in a survey, not many to make a real judgment. But if you listen to the media, they have all started the 'property boom' talk. I've seen and heard more 'property prices are rising' blah in the mainstream media this week than 'property is bad' talk. So, now the media have talked it down, they'll talk it back up.
Yeah, they will, because Betty and George love CH9n and the Her4ld Son etc. May take awhile, maybe until mid Aug…..
These guys control up to 30+ years of supply. The bitching is about these large development companies monopolising supply and consequently manipulating land values by withholding supply from the market. There's been a lot of crying over the years about state govts not releasing enough land but that's been shown to be a furphy time again.
Mirvac has just audited its land bank as I'm sure others are doing. It's looking at selling back land it sees as uneconomic to develop over the next 10 – 20 years. They're being squeezed by lack of demand so all this is about adjusting balance sheets and keeping shareholders happy.
The upside is it reduces competition for the smaller developers.
MB is the only MAB (multi author blog) of any worth in Aus. Certainly anything to do with economics. These guys are either ex treasury or ex analysts. You get relatively objective comment/analysis I've found and they always have a fairly good overview on property. The commentators are fairly switched on bunch too so for me it makes interesting reading and a reference point for comment.
Americans confidence in the economy jumped in May to a five year high, lifted by a better outlook for hiring, rising home prices and more optimism about business conditions.A pair of recent economic reports appears to present contradictory assessments of consumer perceptions about the economic climate. However, taken together, perhaps they simply underscore the economic doubt and confusion that is so easy to understand at this time of political brinksmanship.