Professionals Real Estate 
Strong lift in consumer sentiment
What a great result for consumer sentiment! The Westpac Melbourne Institute reported an increase of 5.2% from October 99.2 to November 104.3. This is great news for retailers as the Christmas sales begin. This will only get stronger because the RBA should reduce interest rates by .25 basis points in December according to a number of leading Economists. The index is only 0.9% above its level from a year ago despite 125 basis points in rate cuts from the RBA.
However, a number of other factors contributed to that boost to confidence including: offical recognition that ‘Australia had avoided recession, an aggressive fiscal stimulus and the competitive Australian dollars.
So what does this mean for our property markert? We have already seen greater activity, this activity will continue to increase into the lead up to Christmas and into the start of 2013. So for first Homebuyers, investors alike do not leave what you should do know as the signs are very promising and you may just kick yourself in 12 months time.
