I came across this article that I though I would share with you:
Australians are more worried now about the state of the economy than they were during the depths of the GFC.
Research from RFi shows people are being particularly cautious when it comes to borrowing, with many preferring to save their money instead.
“What is interesting to note is that many Australians are choosing to save for no particular reason. They have no savings goal. They just want to save in a bid to help them feel more comfortable about the future,” RFi director Alan Shields told Real Estate Business.
According to Mr Shields, prolonged interest rate stability is having a negative impact on consumer confidence.
“We are at a place now where the RBA has not moved for the best part of a year and that makes people nervous – it creates uncertainty.”
In addition, the constant negative news stories spilling out of the United States of America and Europe are adding to growing buyer pessimism.
This information was gathered from:
http://www.rebonline.com.au/breaking-news/4248-buyers-more-cautious-now-than-in-2009
DEB BRADY
0405 570 903
No comments:
Post a Comment
Thanks for commenting, I hope we can talk more! Please note that any comments that are offensive, spam or not relevant to the topic you have commented on will not be posted.
If you would like to know more about exclusive properties, please visit our Facebook page.
https://www.facebook.com/Deb.Brady.Acton.Property