State of the Business Sales Market 15th to 30th August 2013

As suggested in the last report, total enquiries for the month of May are down on April.  However you will note from the graph below that it has picked up to the later part of the month of May.  I do suggest this rise in enquiries is due to a number of new business opportunities we presented to the market.  Unfortunately I do predict a downward trend again for June, as history indicates, enquiries do dry up towards the end of the financial year.  Whilst I do expect June to be down on May, I’m confident that June 2013 will surpass June 2012 as has every month of 2013 so far.

It was disappointing to read a media release by Westpac reporting consumer confidence has actually dropped in April and May after positive gains in February and March.  The report circulates around how the release of the Budget has and will effect families.  Unfortunately for us in business sales, this is not pleasing news.  You can read the media release by clicking this link.  http://melbourneinstitute.com/downloads/media_release/2013/CSI/PressReleaseCSI20130522.pdf.

A rate cut on the 4^th of June by the RBA will hopefully turn the tide and help generate more interest leading into the new financial year.  However I don’t expect this to be a quick fix, as the country still has a pending federal election hanging over our heads.