The respected Genworth Homebuyers Confidence Index which regularly surveys 2,000 respondents, has hit its highest level since 2007. 49% of respondents said it is a good time to buy a house, an historical high for the index and a 10% increase on the March result. QLD was the most positive state, with a 54% positive result.
ANZ Banks Australian Housing Report just released says the market shows signs it is stabilising and sales results are improving, albeit from a low base. ANZ says the weak building approvals and shortage of houses will start driving prices up. They predict building activity will recover in the second half of 2013.
