Licensed Valuers & Property Valuation Consultants, Perth, Western Australia
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Perth property market slows in the March quarter

Thursday, April 10th, 2014

The Westpac Melbourne Institute Index of Consumer Sentiment declined by 0.7% in March 2014 and has declined 10.9% from its November 2013 peak, being at its lowest level since May 2013. The Institute was of the opinion “the initial declines in December-January looked to be mainly the unwinding of the election related sentiment boost”, however they go on to state the “more recent falls though have had a very clear theme centring on a sharp loss of confidence in the economic outlook and escalating job-loss fears.” Concern around job security is very high with the Institute stating “the run of ...

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