ANZ/Property Council Survey
This is a strong result. While the housing construction cycle is off its peak, the industry is taking confidence from the overall strength of the economy.
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 almost 1,400 respondents - including, owners, developers, agents, managers, consultants and government - across all major industry sectors and regions.
The survey was most recently conducted for the December 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.
While the outlook is still much softer than during the earlier peak, solid outlooks for construction activity, prices, and labour requirements all suggest that the slowdown in the housing market will continue to be a gradual cooling, rather than a sharp decline.
Daniel Gradwell, Economist - ANZ.