According to The Australian Financial Review, home buying confidence at its highest in more than 12 months as would-be purchasers accelerate out of the pandemic lockdown, buoyed by cheap debt and the belief that next year will be better than this.
The Westpac-Melbourne Institute Index of Consumer Sentiment, the first taken since the federal budget and its package of business and household support, includes a "time to buy a dwelling" measure which has increased 10.6 per cent to its highest level since September 2019.
"Confidence in the housing market has boomed," Westpac said.
House price expectations have risen strongly while house-buying confidence is riding high in Western Australia and South Australia, the two states which typically lag the eastern states but have got the coronavirus under control.
Such is the level of confidence that even Victorians, who are still lumbered with a strict lockdown, have lifted in their home-buying confidence.
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