Key Economic Indicators Infographic Q2 2017

PRDnationwide’s latest release, Key Economic Indicators Infographic Q2 2017 provides economic insights and highlights property industry trends.

Informing consumers with a quick snapshot of the current state of affairs the PRDnationwide Key Economic Indicators cover both national and state level data, comprising of:

  • First Home Buyer Loans
  • Home loan affordability index
  • Number of dwelling approvals
  • Consumer sentiment index
  • Standard variable loan
  • Consumer price inflation index
  • Unemployment rate
  • Weekly family income
  • Nett migration

PRD Key Economic Indicators stats

Consumer sentiment is a key indication of the general population’s confidence in the economy, whereby an increasing sentiment suggests consumers are more willing to spend rather than save. Consumer sentiment has remained under the positive line (100 index points) in May 2017, currently at 99 index points, suggesting there is cautiousness in the market. This is despite the RBA keeping the cash rate stable, which is reflected in the standard variable loan remaining constant at 5.3%.

Click here to get the full report

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s