Australians who are pro-vaccine are likely to be more optimistic new research has revealed. Experts also say the economy will begin to recover in December when vaccines are widespread.
Mortgage Business
Sydney housing sentiment holds up in lockdown By Malavika Santhebennur 28 July 2021
Consumer sentiment around Sydney housing dipped only marginally, hinting at a disconnect between concerns about lockdown and attitudes towards housing, according to Westpac.
The Westpac-Melbourne Institute Index for July 2021 has revealed that the “time to buy a dwelling” index increased from 96.1 in June 2021 to 96.9 in July 2021.
This has reversed recent trends where the index had declined for five consecutive months and had shown significant signs of stress and was in pessimistic territory for the first time since April 2020.
Despite the slight monthly uptick, the index has remained significantly lower (26.5 per cent) from its peak in November, reflecting concerns about the impact of steep house price rises on affordabil
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Reuters
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Shoppers wearing protective face masks line up to scan a QR code before entering a store on the first day of eased coronavirus disease (COVID-19) restrictions for the state of Victoria following an extended lockdown in Melbourne, Australia, June 11, 2021. REUTERS/Sandra Sanders
SYDNEY, July 14 (Reuters) - A measure of Australian consumer sentiment rebounded in July as relief at the end of coronavirus lockdowns in some states offset the latest shutdown in Sydney, at least for now.
The Westpac-Melbourne Institute index of consumer sentiment released on Wednesday rose 1.5%, recouping a little of June s 5.2% drop.
That left the index up 23.8% on July last year when the country was still emerging from a round of nationwide lockdowns. The index reading of 108.8 showed optimists outnumbered pessimists.
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