Buyer confidence drops, good time to buy

An article by Jessica Darnbrough says: Home buyer confidence has dipped 1.5 per cent since September 2010, according to the Genworth Home Buyer Confidence Index. Speaking at a media briefing in Sydney yesterday, Genworth chief executive officer Ellie Comerford said the dip in confidence was the second consecutive fall since the launch of the index last year. “This fall, despite Australia’s relatively strong economic performance, was driven by the decreased confidence in the natural disaster affected regions of Queensland and Western Australia coupled with growing concern amongst Australian home buyers about the rising cost of living,” Ms Comerford said.