According to Mark de Martino, Director at Mortgage Provider Loan Market, “first home buyers nationally were competing with investors and upgrade’s who had significant equity in their property.” Nowadays, first home buyers in Western Australia are increasing and it will continue to increase. A WA house price is relatively attractive destinations for the home buyers to invest because of the strong wage growth. Compared to other capital cities, Perth was cheaper by 20% and it encourages first home buyers to enter and invest the market. Mining is the driver in WA’s economy which attracts first home buyers. Therefore, by 2014 it will encourage more first home buyers to support the economic activity. In addition with that, we have low interest rates, population keeps rising and business confidence is relatively high.

http://www.perthnow.com.au/realestate/news/wa-bucks-national-firsthome-buyers-trend/story-fnhlgriw-1226758105719

 


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According to NAB’s Chief Economist, Alan Oster, “the pull back in confidence suggests business may have reassessed their expectations for the outlook given the continued weakness in actual conditions.” Last September, it was already reported that business confidence dropped and continues to drop until October. Business confidence may be still buoyed by positive housing trends and low borrowing rates. If the business, property and finance will improve it keeps the confidence high. Interest rate still at 2.5% which pull the economic activity remains soft. But we still think that, if the RBA will have interest rate cut, it will help the economic optimist boost.


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Based on the NAB Survey released last week, the survey found that confidence in every industry was positive. It jumped to 8 points higher to 12 points in September. Business confidence was boosted last September which indicates the rising of highest level in confidence compared with previous months. The best performing sector is the personal services which the following factors helped confidence further: low borrowing rates, rising consumer sentiment and a lower dollar.

According to ANZ Chief Economist Ivan Colboun, “Consistent  with other indicators of an improvement in consumer  and business confidence in the weeks leading up to and immediately following the September federal election.” Although, the business sentiment is still underlying but there will forecast that growth will soften. But in order the confidence will fully back and have consistent outlook, AUD will increase and the labour market will become stronger.

http://www.couriermail.com.au/news/business-brims-with-confidence-as-national-australia-bank-monthly-business-survey-finds-industry-confidence-at-its-highest-level-in-25-years/story-fnihsrk2-1226735074888


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