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Property market confidence is rising

By Louise Morrin

Confidence is something that has a bearing on various aspects of the economy, from people's willingness to buy items to their desire to get onto the property ladder. The latest findings show that residents of New South Wales are more optimistic about what the future has in store, as confidence levels have risen over the past quarter.

The ANZ/Property Council Survey has a neutral reading of 100. Anything above this level is considered an indicator of optimism, while results below it suggest pessimism. New South Wales registered a reading of 143 during the current quarter, up slightly from 142 the last time the survey was carried out.

"Expectations around NSW state economic growth are higher than all other large states, and reflect three consecutive years of positive sentiment," noted executive director for New South Wales at the Property Council Jane Fitzgerald.

This bodes well for anyone hoping to sell property in Carlton, as confidence often points to greater mobility across the real estate market. The Property Council emphasised that the success of this industry is critical to the overall health of the economy, so these latest results are likely to come as welcome reading to policymakers throughout the state.

Overall confidence also moves higher

It's not only confidence in the property sector that's thriving, but also overall sentiment. The ANZ-Roy Morgan New Zealand Consumer Confidence Index for April shows a two-point rise compared to the previous month, bringing the result slightly higher than the historical average.

In further good news for Carlton real estate, eight per cent of respondents said they feel financially better off than a year ago. More than a quarter (28 per cent) revealed they are positive about the next 12 months, a result that's remained broadly steady over recent weeks.

For help selling your property in Carlton, make sure you give our experienced team a call.

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