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Consumer Confidence Plummets as Half of Australia Enters Lockdowns

Consumer Confidence Plummets as Half of Australia Enters Lockdowns Consumer confidence experienced its sharpest weekly drop since the start of the CCP virus pandemic as states announce lockdowns one after another to contain the Delta variant of the coronavirus. Currently, over half of all Australians are now in lockdown after South Australia announced restrictions were coming into force from 6 p.m. Tuesday, after five cases were detected in the state, joining the New South Wales and Victoria. The ANZ-Roy Morgan consumer confidence index also plummeted by 5.7 points to 104.3, pushing the index below the weekly average for 2021. However, it was still higher than the same week in 2020.

Home buying intentions jump sharply: CBA

Mortgage Business Home buying intentions jump sharply: CBA By Malavika Santhebennur 19 May 2021 The major bank’s Household Spending Intentions series has revealed that home buying spending intentions spiked in April 2021 compared with 2020 and 2019. After reaching a new series high in March, the Commonwealth Bank of Australia’s (CBA) latest HSI series report showed that home buying intentions surged in April 201 relative to both April 2020 and April 2019 to over 80 per cent. The improvement was driven by both higher home loan applications and Google searches in April 2021 as the national real estate market attracted prospective buyers, the major bank said. CBA also said that it expects the home buying market to be a key source of support for the Australian economy in 2021, driven largely by the very low level of interest r

Home buying intentions hit a new high in March

Home buying intentions hit a new high in March
smartpropertyinvestment.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartpropertyinvestment.com.au Daily Mail and Mail on Sunday newspapers.

Home buying intentions continue to rise

Mortgage Business Home buying intentions continue to rise By Reporter 22 April 2021 The Commonwealth Bank Household Spending Intentions series has shown that home buying intentions set a new series high in March. Building on a growing trend, the major bank’s latest HSI report found that home buying intentions set a new series high last month, as both home loan applications and Google searches increased again.  The HSI series, which intends to provide a forward-looking view by analysing actual customer behaviour from CBA’s transactions data, along with household spending search activity from Google Trends, found that home buying spending intentions increased in March to a new series high – up 40 per cent on an annualised basis.

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