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Queensland Consumers Confident

By David Bell

The latest Westpac Melbourne Institute Consumer Sentiment Index (CSI) results show that those in Queensland report a higher confidence in the economy.

Queensland residents are some of the most confident in the country, according to the latest Westpac Melbourne Institute Consumer Sentiment Index (CSI).

Figures show the CSI has increased by 3.9 per cent to 110.7 points in the region. However, Queensland residents are going against a national trend as the Australian CSI has decreased by 2.1 per cent.

This demonstrates Queenslanders' confidence in the Newman government, according to Treasurer and Minister for Trade Tim Nicholls.

"Today’s positive CSI figures come on top of a 7.4 per cent rise for Queensland in the index in September and put consumer sentiment at its highest level since August 2010," he said.

Owners wondering whether to sell property in Rockhampton may find that now might be a good time. Increased consumer sentiment could be the reason why Queensland has seen housing finance approvals grow at a faster rate than the national average.

The economy should continue growing, said Mr Nicholls, and Queensland should see growth of around 4 per cent over the next three years.

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