Research shows West Aussies optimistic

Research shows West Aussies optimistic

doom and gloom to dominate the headlines when it comes to the global economy than most West Aussies are optimistic about the long term prospects, according to a new survey.

But two consecutive rate cuts of the past two months may have little impact in the short term have had the confidence, confidence in the prospects of the consumer WA State economy picked up the first time in more than. year

This is despite the 46 percent of the more than 400 people approached for consumer confidence survey said the global economic news – is dominated by financial ructions in Europe – weighs on the minds of home

Chamber of Commerce and Industry WA and Curtin Business School shows an overview of the long-term confidence in the economy compliance by improving the financial position of WA households.

Nearly one-third more than 400 people contacted in the survey said they were in a better financial position compared with a year ago, with a higher income households and younger participants between 18 and 35 reporting the greatest improvement.

higher cost of living pressures on the household budget, the numbers are still the biggest concern. The proportion of consumers worry about the electricity bill rose from 76 percent in the March quarter survey to 80 percent.

Shopping accounts also have the West Aussies are not spending money on specific items such as clothing and entertainment to be found, while 44 percent said that now would be a good time for major household purchases by regional households the most optimistic.

It will be bigger share to buy the assets do no t add to the hope of recovery in the market, with 69 percent of respondents say they had no plans to buy or capital replacement in the coming years.

Housing affordability is also preventing people from moving into the property market, with the percentage of respondents believed affordability was better than a year ago, fell from 35 percent to 26 percent.

Only 17 percent of WA households planned to buy real estate in the coming years, with younger people more likely to buy than their older colleagues, 32 percent and 10 percent.