A SURVEY by mortgage broker Mortgage Choice has found WA consumer sentiment is overwhelmingly positive about the state’s economic performance over the next year.
The independent online survey, in which 96 per cent of respondents were property owners, found that 89 per cent were confident the state’s economy would be strong in 2008.
Despite a global credit crunch, rising housing prices and home loan affordability problems, sentiment increased considerably from last year’s 76 per cent.
Mortgage Choice loan consultant Alex Mitchell said the WA survey was an interesting insight into the public’s expectations of property investment.
“There has been a significant uplift in consumers’ perception of the country’s financial situation. Sentiment increased by 20 per cent and interest rates and economic man- agement are the top two concerns, followed by petrol prices,” Mr Mitchell said.