In a period where things are starting to wind down for the year, it is very pleasing to see that we still managed to achieve our second highest monthly enquires for 2016. It is great to see that the results from October have flowed on to November, which gives promises that there is still some ground to be made in 2016 just yet.
It is not unusual to see a sharp spike in enquiries in the early... more
As predicted in our last report, the enquiry rate has slowed for the first part of November. It was always going to be difficult for the high rate of enquiries we experience in October to continue flowing into November, especially with the extra long Melbourne Cup weekend.
Whilst there was a slow down compared to October, we would still consider the enquiry numbers very good.
We knew we were heading for a good result this October, but even we were pleasantly surprised with the final result. Whilst Consumer confidence from the Roy Morgan polls had dropped slightly, our enquiry rate still remained high throughout October and has helped produce this fantastic result. Our highest enquiry month on record.
We are extremely proud of Octobers result, as it comes off... more
As touched on in our last report, we were quietly confident of a strong start to October for two key reasons.
The high levels of consumer confidence for the last weeks of September as indicated in the Roy Morgan Poll. http://www.roymorgan.com/morganpoll/consumer-confidence/consumer-confidence
The catch up of enquiries from school holidays in late September.
The graph below... more
It was surprising to see the total volumes for September were down on August as we were expecting further growth in the month of September. After breaking down the statistics we could see prior to school holidays the number of enquiries skyrocketed, only to fall away for the second part of September, dragging total monthly numbers down (Refer to the second graph below). Whilst a slow down... more
It was positive to see that the enquiry rate for the second half of August was by far improved on the first half of August. This only encourages us to keep an increasing eye on the relationship between interest rate cuts and business sales enquiries, discussed in our previous post.
We also found interesting the fact that consumer confidence (Roy Morgan Research) had increased in the second... more
From August through to December is usually a very good period for business sales. This is because the end of financial year is behind us, the weather starts to get warmer causing people to come out of hibernation setting plans in motion, and we usually experience a good run until the start of December when the holiday mode starts to kick in and enquiries start to drop off again
The past few weeks have been settling times as everyone gets back towards the usual swing of business post the election and end of financial year. Whilst we were hoping for higher volumes for July, we expect that after the weekend the total numbers for July will be very similar, if not the same, for June.
Past statistics suggest that we will experience higher volumes of enquiries from August... more
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