NSW Property Sentiment Reaches New Heights
Optimism regarding the New South Wales property market is at its highest level in two-and-a-half years, according to the 2014 Property Council of Australia – ANZ Property Industry Confidence Survey.
The organisations reported that confidence reached 147 on the March quarter 2014 index up from 112 at the same time during the previous year.
"The buoyant NSW outlook was underpinned by positive state economic growth expectations, largely reflecting a sharp upswing in residential construction activity and increased state government capital expenditure on a number of large-scale infrastructure projects, including the AUD10-13bn Westconnex road project," stated ANZ analysis released on January 16.
"The performance of NSW is particularly important for the Australian economic outlook given its near one-third share of national production."
If you're in the market for property in the Sydney region, this data comes as welcome news.
However, from Bondi to Double Bay, confidence can only take you so far if you don't have the right loan product. This is why finding a quality mortgage broker in Sydney's eastern suburbs should remain an essential part of your home buying plan.
If you're in the market for a mortgage broker in the area, contact Daniel Pym and I'll assist in finding a loan that suits your needs.