Consumer confidence continues to grow as a result of a number of improved trends. The housing market has shown improved figures on last year due to the Government allowing overseas business owners and foreign students to invest in Australian property. There has also been a demand for property due to the influx of migration to Victoria and Melbourne in particular.

The Australian Industry Group (AIG) has released excellent figures about the continued growth of our previously suffering manufacturing industry. The vital sector of the economy is now in its third consecutive month of growth driven by a substantial lift in new orders and higher production. However, the AIG believes there will be a renewed skills shortage which needs to be taken seriously.

One of the biggest factors underpinning recent increases in consumer confidence is the jobs situation. The Federal Government this week confirmed this situation when the Treasury forecast insisted the recovery is a lot stronger than previously thought. The latest on jobs is that 250,000 fewer people than previously forecast will lose their jobs. This is a big change in just a few months.

If you are thinking of purchasing a new car for the new year, then there is no time better than now. With interest rates still exceptionally low you can obtain a fixed car loan before interest rates rise, which they will continue to do. Car manufacturers are releasing 2010 models, which means you can expect a great deal on a runout model or take advantage of a 2010 model.

An added bonus of purchasing a car prior to the new year is by taking advantage of the Government’s tax incentive for small businesses. If you are a business owner you may be entitled to a 50 percent tax deduction.

The Reserve Bank of Australia (RBA) announced another interest rate rise of .25% on Tuesday. This is the second rise in as many months and we believe they will continue to rise in small increments. This does not sound good for first home buyers particularly given that the grant has been reduced to $25,000 for metropolitan areas and most banks are now requiring a 90 percent LVR. However, we do not believe that this will impact on the need for new homes to be built.

Melbourne is the fastest growing city in the Southern Hemisphere with an influx of 1800 new residents each week. To keep up with the increasing population there is a huge demand for housing. First home buyers will be forced to consider moving to outer suburbs and be more realistic with their expectations. Their dream house will take longer to own but in the meantime they understand the need to enter the housing market and purchase a property within their means.

At Madison Finance we believe in providing the best possible service to our clients. We value our clients and wish to be of service to them everyday. Even if it is a weekend or a public holiday we don’t believe that you should be prevented from finding the best possible car finance deal. We understand that life is busy and shift work is now common so we have developed our website around you.

No matter what time of day or night you require a finance quote you can obtain one by using our online car finance calculator. A number of quotes will be generated automatically for you to peruse. You will be able to ascertain which car finance quote is of best value and benefit to you. If you are satisfied with your car finance quote you may wish to submit an application for finance online. By utilising this service we can be assisting you at a time that is convenient to you.