Tasmania continues to grow in confidence

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Tasmania continues to grow in confidence

The leading measure of confidence for the property Industry, the ANZ/Property Council Survey, has delivered great results for Tasmania revealing continuing high levels of business confidence.

Results for the December 2015 quarter released today had Tasmania on 142 points, significantly higher than the national average of 130.

Executive Director Brian Wightman acknowledged that Property Council members continued to feel consistently buoyant about the opportunities presented in the state.

“Tasmania’s property industry remains the second most confident in Australia behind New South Wales and well ahead of the national average.

“The annual shift in sentiment for the 12 months to December 2015 is particularly encouraging with a 22 point lift, which is well ahead of the rest of the nation,” Mr Wightman said.

The Property Council recognised the recent reforms of the State Government including the tabling of the Tasmanian Planning Scheme and the Affordable Housing Strategy which has been recognised as proactive leadership.

“Tasmanian Members have acknowledged the leadership of the State Government who were ranked second on the Government Performance Index again just behind New South Wales, the only two states to be placed in positive territory,” he said.

Mr Wightman encouraged the State Government to continue reforms through focussing on regulation reduction and through facilitating the University of Tasmania’s move from the Newnham to the Inveresk Campus in Northern Tasmania.

“Education presents a significant opportunity for the Tasmanian economy and the proposed move of the UTAS campus to Inveresk provides a chance to build on the confidence expressed by the industry.

“Forward work schedule, house capital growth and retirement living capital growth expectations continue to remain strong and would further improve off the back of the UTAS investment.

“Reducing red and green tape by 20 per cent as promised by the State Government would also go a long way to ensuring that investors can get the job done efficiently and without delay,” Mr Wightman said.

Media contact:  Brian Wightman  |M  0429 073 773  |E  [email protected]