Our economy is not as rosy as some would like and this is likely to have an impact on our property investment markets.
There has been a disturbing slump in consumer confidence as the government’s honeymoon seems to have been cut short and this has also translated into fewer people feeling now was a good time to buy property.
In this video Westpac Chief Economist Bill Evans comments on this week’s NAB business survey; the sharp decline in Westpac’s Consumer Sentiment Index; November’s unemployment data, a speech by RBA Governor Glenn Stevens and what we might expect next week from the new Federal Treasurer’s mid-year economic and fiscal outlook statement.
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