Clearly, many households and first home buyers will have reason to complain … but someone had to step up and show leadership. And it certainly wasn’t going to be the Labor Party.
The RBA's Reasons for Increasing Rates
Rather than simply basking in the recent praise from the IMF and other G20 members.
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Looking Up
As you can see, the Westpac-Melbourne Institute consumer sentiment index increased strongly by 9.5% for June.
And that means it has now leapt by some 23% since May — the largest 2-month increase for over 30 years.
First-home buyers have also been active, accounting for nearly 30% of all loans during May.
And this overall level of confidence follows an increase in retail sales, for three months in a row.
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