Businesses ready to spend in Clarence Valley
MAY and June are typically the quietest months for business agents, but optimism in the air may turn things around this year.
McKimm's Real Estate agent Angus McKimm said while he hadn't noticed a rise in business listings this month, he had reliable information that business owners were talking about making small to medium purchases before the end of the financial year.
"Usually starting in May, we do see people position themselves for the end of financial year," he said.
While normally seeing a pulling back on discretionary spending during this period, Mr McKimm said things seemed more promising this year
"This year I think confidence might outweigh the restriction of spending in that time of year."
Mr McKimm said the reason behind this was a combination of the Federal Budget being well received by small businesses in the area and the first wave of economic benefits from the Pacific Hwy upgrade.
Clarence Property Agents principal and licensee Fiona Beamer said most of the business listings she had recently taken on were being sold due to personal reasons, but agreed there was a general trend in the market for things to wind down as winter neared.
"Generally, now you do step into your quieter months," she said.
"In this area we're quite seasonal - February to Easter is a buying period and then it will slack off."