Finance and the property industry are at the forefront when it comes to Australian business conditions and confidence, according to NAB’s monthly business survey for September, 2013.
The major lender says ‘animal spirits’ have lifted again and overall business confidence has surged to its highest level in 3.5 years.
While conditions remain ‘subdued’, NAB reports that the finance, business and property/construction industries showed the biggest gains.
“Business conditions were moderately up in September but, at -4 points, remained relatively low… but finance/ business/ property and recreation/personal services were the best performing sectors in the month,” reads the report.
“The lift in conditions was largely driven by improvements in finance/ business/ property and construction, which appear to have benefited from better sentiment in the housing market – especially accelerating house price increases.”
Housing demand and a generally positive outlook for the property market appears to be having an impact on other sectors as well, with related sectors like residential construction also experiencing improvements.
Aside from recreation/personal services, all other industries reported negative activity readings in September, with conditions remaining especially weak in mining, manufacturing, transport/utilities, retail and wholesale.
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out