Improving macroeconomic conditions are helping to increase property industry confidence nationwide, but Victoria continues to be the ugly duckling with confidence falling, according to the latest Procore/Property Council Survey.
Property Council of Australia Group Executive Policy and Advocacy Matthew Kandelaars said expectations around a stable interest rate environment and easier access to debt finance are helping to underscore the industry as it deals with broken state planning systems and government inefficiencies.
“We see in the survey that high expectations around housing price growth are being driven by a dire undersupply of housing across Australia.
“Participants have said housing supply and affordability is the main concern for the federal and state governments at historically elevated levels since March 2021. This simply cannot continue,” he said. – April 2024
Matthew Kandelaars
Property Council of Australia
March 2024 survey results available
The Procore/Property Council Survey gauged 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 workflows
- critical industry drivers.
The most recent survey canvassed the views of over 500 respondents including, owners, developers, agents, managers, consultants and government across all major industry sectors and regions.
Resources
Latest Videos
Latest media releases
Property industry confidence rises everywhere except waddling Victoria
Improving macroeconomic conditions are helping to increase property industry confidence nationwide, but Victoria continues to be the ugly duckling with confidence falling, according to the latest Procore/Property Council Survey.
Property industry confidence rises, but housing supply concerns mount
While confidence in the Australian property sector has increased, the latest Property Council Survey reveals growing property industry concerns about housing affordability and supply.
Property sector confidence remains steady among macro pressures
Despite uncertain macroeconomic conditions, confidence in the Australian property sector has held firm, according to the most recent Property Council Survey.
Sponsored by
