Westpac Chief Economist Bill Evans comments on labour market data in the US and Australia, the Westpac Consumer Sentiment Survey, housing approvals, as well sharing his insights in the movement of the Australian currency and interest rates.
If you’re interested in property investment these macroeconomic factors will be important for you to understand the factors likely to influence our economy, employment levels, consumer sentiment and our confidence in buying real estate.
As you will see – it’s not all good news
As you watch the video below you’ll hear how job growth has been disappointing (in fact non existent) and how the latest consumer sentiment index fell in January (the 2nd month in a row).
It seems people are uncomfortable about their job security and this means they’re more likely to keep their hands in their pockets rather than spending money. At the same time, fewer people are keen to buy a property this year.
[post_ender]
SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
PREFER TO SUBSCRIBE VIA EMAIL?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.
'[video] Westpac Economic Update: Bill Evans. It’s not all good news for property!' have no comments
Be the first to comment this post!