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Household finances see slight improvement

By James Brown

Financial considerations play an important role when it comes to buying property in Bellmere, which is why latest findings from the ANZ-Roy Morgan Consumer Confidence Index may prove interesting reading.

During the week to 25 January, the index saw a 5.1 per cent rise in people's perceptions of their finances compared to 12 months ago, which could bode well for the property market.

Declines had been witnessed over the past fortnight, but these have been more than cancelled out by this sudden increase.

As people become more optimistic about their finances, it's possible that they'll be more likely to consider making big-ticket purchases such as property.

Of course, building a substantial deposit is the first step towards making sure that you improve your chances of being accepted for a loan.

If people are more hopeful about what the future has in store for their finances, they might be more inclined to take steps to set money aside for their property ambitions.

Once you've got that all-important deposit in place, make sure you speak to the team at Ray White Caboolture for help entering the local property market.

We're on hand to help you and your family secure the property you have always dreamt of.

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