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ANZ Property Council Survey

  • November 01, 2018

ANZ/Property Council Survey

The latest ANZ/Property Council survey released has shown that the NSW property industry confidence has dropped to the lowest in the nation, dropping 14 index points from 134 to 120 over the quarter and 27 index points over the 12 months to December 2018.

The drop in confidence is due to a combination of factors including tighter lending, a slower residential market and lower economic expectations which have driven lower sentiment and resulted in lower results across the board.

Property Council NSW Executive Director Jane Fitzgerald said, “sentiment can be strengthened through strong leadership from our State Government, as we move closer to the 2019 election we need to see a renewed commitment to long term planning in Sydney, continued investment in critical infrastructure and sustainable funding for local infrastructure.”

“A well planned, sustainable future for Sydney must be a politically bi-partisan issue; this will instil a confidence in the development community and ensure good outcomes for growth planning and infrastructure investment.”

To view the ANZ/Property Council Survey results, click here.

The ANZ Property Council Survey has found that confidence is at its lowest level in over three years.