The Reserve Bank’s decision to lift rates in November will have little impact on consumers' Christmas spending, a new poll has found.
According to the latest research by PRDnationwide, more than half of all home owners are prepared to spend the same or more on Christmas this year.
PRDnationwide managing director Jim Midgley said the majority of property owners are still better off than in August 2008 when the standard variable interest rate was 7.8 per cent – leaving slightly more to spend on presents and Christmas dinner.
Mr Midgley said the general mood leading into the Christmas sales season was surprisingly upbeat.
“People surveyed obviously want to enjoy the holiday season,” he said.
The survey results showed the recent rate movements by the RBA and lenders hadn’t caused significant change in spending attitudes.
“Despite the recent increase to interest rates, consumer sentiment levels are still higher than mid-2010 when the rates previously went up,” he said
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Joining host Phil Tarrant, Sally will draw on her 25 years of experience in valuation and discuss the processes involved in arriving at a value for a particular property. She will also share how that process differs between commercial and residential properties and the difficulties which regional property valuations can present.
Sally will unpack the importance and cost of regular valuations on your properties, discuss whether presentation and owner input can sway a valuation and share what you should look for when seeking a reputable property valuer.
If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: Facebook, Twitter and LinkedIn.
If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!
RELATED AREAS OF INTEREST:
Do this one thing before you invest in a commercial SMSF property
Why is investing in commercial property in an SMSF so popular?
Premium property declines while affordable properties on the rise
AREAS MENTIONED:
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RELATED AREAS OF INTEREST:
Why I still buy in Sydney
Property market update: Sydney, July 2018
Sydney rental market slowing, latest research finds
AREAS MENTIONED:
Revesby
South Hurstville
Sans Souci
Strathfield
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RELATED AREAS OF INTEREST:
What makes a good investment suburb?
Two components of good investment research
How Greta purchased four properties in a year
AREAS MENTIONED:
Redcliffe
Port Macquarie
Loganlea
Launceston
Raceview
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