ANZ/Property Council Survey
What is remarkable about the outcome is that we are seeing increasing confidence across the sector despite a hardening view that interest rates will increase and that the banks will continue to tighten credit.
Ken Morrison, Chief Executive - Property Council of Australia.
The ANZ/Property Council Survey gauges the property industry’s:
- sentiments about the outlook for Australia’s national and state/territory economies;
- views on property asset class performance;
- employment intentions;
- expected work flows; and,
- critical industry drivers.
The most recent survey canvassed the views of more than 1,600 respondents - including, owners, developers, agents, managers, consultants and government - across all major industry sectors and regions.
The survey was most recently conducted for the June 2017 quarter. Over time, the ANZ/Property Council Survey will track changes in sentiment across property types, markets, as well as identify the determinants of industry confidence.
Higher indebted households are certainly vulnerable to any significant increase in interest rates, but still strong sentiment in the sector appears to be underpinning the strong price outlook.
David Plank, Head of Australian Economics - ANZ.