Australia’s largest business confidence survey, the Property Council of Australia and ANZ Property Industry Confidence Survey, has revealed a positive outlook for Queensland’s property industry, with the Property Council of Australia predicting a strong financial year ahead in Queensland’s flourishing property industry.
Polling around 2,300 construction and property professionals across Australia, the survey sought their expert opinions as we approach the new financial year.
According to Property Council’s Chris Mountford, confidence in Queensland has not wavered, even in the face of tumultuous State and Federal budget announcements. Queensland’s property outlook now sits five points above the national index, increasing up to 136 on the scale.
Optimism reigns in the Sunshine State, with professionals surveyed confident looking ahead to Queensland’s economic growth and anticipating growth and progress in various sectors of the property industry, including residential, industrial, retail, hotel and retirement.
A further positive indicator is Queensland’s state budget projections, predicting a 3 per cent growth over the next 12 months, which Mountford said is evident that a strong property industry in Queensland is fundamental to a healthy economy.
ANZ Senior Property Analyst, David Cannington, points to Queensland’s thriving tourism industry and upbeat housing market conditions across South East Queensland.
To access the full article, visit Property Council of Australia
