The Westpac/Melbourne Institute index of home buyer confidence shows the number of Australians who believe it’s a good time to buy a home surged 11.5 per cent over the December quarter.
According to the index, “real estate was regarded as the second wisest place to put new savings.”
The total home lending for 2012 is up 4 per cent, while loans for land blocks rose by 17.5 percent over 2012 – the strongest pace of growth in three years.
Economists say all factors suggest there is good momentum going towards 2013, with improvements in the housing market representing good news for builders, tradespeople, material suppliers and retailers.
Have you noticed an increase in buyer confidence?