Despite uncertain macroeconomic conditions, confidence in the Australian property sector has held firm, but what are industry professional worried about?
The property industry has renewed calls for the Australian and state governments to get planning systems fit for purpose to tackle the housing supply and affordability crisis, with concerns reaching record highs among respondents to the latest ANZ/Property Council Survey.
The latest ANZ/Property Council survey showed confidence within Australia’s property industry remaining firm in the face of uncertain macroeconomic conditions.
According to the latest ANZ/Property Council industry survey, confidence in Australia’s property sector has remained historically high despite a less optimistic prognosis for the economy.
The national industry confidence for the March quarter continued its upward trend to 142 points, rising 19 index points from the previous quarter at 123.