Mount Gambier The SA Layby Capital

The Border Watch:

Mount Gambier has been named the layby capital of South Australia.

Layby Services Australia has developed a database of the towns and suburbs where layby is most in demand throughout the country.

“Layby is particularly popular in areas where people are cost conscious and smart when it comes to saving,” chief executive Terry Seremetis said.

“While the sharemarket may have staged something of a recovery, unemployment and interest rates are both expected to rise.”

Mr Seremetis said predictions by analysts that interest rates may climb again in the near future had led people to focus on their household budgets.

“Many people are sensibly trying to avoid using their credit cards and getting into debt,” he said.

“Instead they are rediscovering the virtues of good, old fashioned layby as a means of saving up for goods.”

Retravision Mount Gambier proprietor Rick Macera said the South East’s labour-intense work force led to people carefully considering use of their disposable income and the need to budget available funds made layby popular. More.