Consumer sentiment/time to buy a dwelling surges

Sentiment boost

Rate cuts have provided a clear boost to the latest consumer sentiment survey from Westpac, which surged to a 3½ year high. 

The house price expectations index rose modestly, to be 4 per cent higher than a year earlier.

The time to buy a dwelling index jumped by more than 10 per cent to be 37 per cent higher than in August 2024.

I'm not surprised - we're finding it really tough going to buy good quality properties at the moment, with stock levels down around 20 per cent on where they normally are at this time of year. 

With so much data already improving, I'm beginning to wonder if we need  much more monetary easing in this cycle at all...if any?

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