Commonwealth Bank releases an intriguing report monthly called the Household Spending Intentions Series (HSI)
CommBank’s Household Spending Intentions series combines the spending data, one of Australia’s largest financial data sources, with Google Trends publically available search activity.
By connecting with advance readings on actual spending data to intentional data, our analysis should provide an early indication of prospective spending trends.
Tracked across seven spending sectors, this analysis can offer a future lens into specific industries.
When these sectors are looked at together, the Household Spending Intentions series provides a holistic view of the changing spending behaviours of Australians and the potential implications for the economy.
Home Buying Spending Intentions:
HSI readings remain at levels pointing to further gains in dwelling prices, a turn in the residential construction cycle and a positive wealth effect that should help consumer activity.
A good look at where our dwelling prices are going, considering they have got it right historically with this data!
And also from ANZ Research, which also historically picked the rise and fall of housing shows, there is still some way to go in this upswing!
And no doubt because of this, the sentiment is vastly improved for residential property:
Very positive conditions to take advantage of!
Property Club is at the forefront of the best properties in the best areas, best placed for this capital growth upswing - make contact with your Property Mentor or hit enquiries@propertyclub.com.au for further information on the great properties available for Club members!
Troy Gunasekera
National Manager
Western Australia has held off a surging Queensland to once again claim the title of Australia’s best-performing economy, according to the latest CommSec State of the States Report. For the second quarter in a row—and only the second time in a decade—WA leads the nation, topping five of eight key economic...
In this timely video update, economist Clifford Bennett provides a snapshot of Australia’s economic and property market conditions, delivering his analysis from the heart of Sydney. Highlighting key indicators like rising global oil prices, the likelihood of interest rate cuts by the Reserve Bank, and the immense...
When December rolls around, it’s all too easy to let your property investment goals take a backseat. The allure of holidays, festive gatherings, and a ‘fresh start next year’ mentality can be tempting. But here’s a little-known secret: the quieter end-of-year market is brimming with opportunity for those ready to...
Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.