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Consumers more willing to open their wallets

By James Brown

Knowing when is the right time to buy property isn't always easy to gauge, but it seems a growing number of people have their sights set on big-ticket purchases.

Results of the January Commonwealth Bank Business Sales Indicator (BSI) reveal that spending intentions are rising across the nation, with Queensland proving no exception.

Spending in the Sunshine State was up 0.1 per cent last month, which is a positive figure in light of the decline seen in some parts of the country.

This could give you the encouragement you need to buy real estate in Morayfield, especially as consumer sentiment appears to be moving in the right direction.

BSI author Craig James said: "With household finances improving following the fall in petrol prices and recent interest rate cut, we can expect many consumers to slowly start opening their wallets and increasing their spending as we progress through 2015."

He also urged business owners to make the most of the situation and find new ways to encourage consumers to spend this disposable income.

For help making your next steps onto the property ladder, be sure to speak to the team at Ray White Caboolture for some expert guidance.

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