Our Backyard – Anglesea

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Despite the low interest rates pushing up the value of houses, Australians are increasingly less confident about the future.  A private monthly gauge of consumer sentiment has fallen to its lowest levels since July.

Westpac-Melbourne Institutes consumer sentiment slipped for the third straight month for its February reading, as Australia’s expectations about the economy over the next year fell to the lowest level since March 2012.

Consumer’s expectations for the next five years along, weakened to levels not seen since February 2009, the survey found.

Despite this the Commonwealth Bank has said it is ‘cautiously optimistic’ about the future, after announcing a record first half profit of $4.27 billion.

The CBA also noted various positive influences on the Australian economy including a better outlook overseas, higher consumer confidence and growth in the housing market and the lower currency.

OPEN FOR INSPECTION

Saturday February 15, 2014

2/2A Walker Street 12.00 – 12.30

1A O’Donohue Road  1.00 – 1.30

12 Arinya Crescent  2.00 – 2.30

Sunday February 16, 2014

50 Jackson Street  12.00 – 12.30

1A O’Donohue Road  1.00 – 1.30

8 Birdie Avenue  2.00 – 2.30

 

Geoffshot1.pdf.jpg      Ianshot.pdf.jpg

Geoff Lewtas                                                     Ian Lewtas

geoffl@greatoceanroadrealestate.com.au           ianl@greatoceanroadrealestate.com.au

0417 552 522                                                      0419 511 428

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