Christmas wishes for booming business

SHOPPERS are set to open their wallets a little more easily this Christmas, as the Rose City enjoys increasing strength in its economy and what has been touted as the strongest real estate market in two years.

Warwick Chamber of Commerce president David Littleproud and Landmark Harcourts real estate agent Yve Stocks have both credited the boost to the change in government and low interest rates.

And Mr Littleproud said the conditions would only improve in the lead up to Christmas.

"We have historically low interest rates and the change in government means people know what policies they are going to see go forward," he said.

"People have been saving for years but they just were not confident to spend it.

"Now we are seeing a renewed confidence and job security and the consumers' confidence is starting to grow."

Mr Littleproud said some business struggled over Christmas last year.

"I like to think that we will have a better Christmas than last year," he said.

But Warwick shoppers do have some responsibility when it comes to keeping the trend going.

"The best gift people can give this Christmas is to shop locally," Mr Littleproud said.

"I think business will continue to see a return to better conditions."

Something Bryson's Place owner Lynn Bryson has already noticed.

Mrs Bryson admitted business had been steady in past months but said she had noticed an increase over the past three weeks.

And despite Christmas being 10 weeks away, Mrs Bryson has noticed shoppers are getting in early this year.

"I think people are planning ahead and trying to budget and not leave all their shopping until the last minute," she said.

Mrs Bryson did not think last year's Christmas to be bad at all and said she would be happy to have another year the same.

But it is not just businesses benefiting from the improved level of consumer confidence.

Landmark Harcourts sales consultant Ms Stocks said Warwick's property market was the best it had been in the past two years.

Agreeing with Mr Littleproud, Ms Stocks said that the change of government and low interest rates had helped re-boot both buyers' and sellers' confidence.

But it is not just baby boomers or generation-Y buying and selling.

"We have had quite a few new people coming into town and people who were renting are now buying," she said.

"Most of my sales are people upsizing or downsizing.

"People are moving into town looking for middle-sized properties while people are also moving out of the CBD looking for slightly bigger acreage.

"It is great for the whole town."



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