Interesting anecdotal information on the local economy yesterday after golf. Comments made included:
“On numerous weekends I have looked at investment properties for a friend. During the week they are advertised between $800k-$900k. On Saturdays the advert is removed and there is an open for inspection attended by 30 couples and by Monday the property is sold for $1.1m”
“Every local builder and tradesman is booked for next six months. Building merchants are struggling to keep up with demand”
“My mechanic says he has never installed so many superchargers in his life”
So what’s happening. Is it delayed demand because of the lockdown, cheap money with such low interest rates or early super withdrawals.
Whatever the reason it shows remarkable consumer confidence.