Lost in space: Office return key to economic lift-off, property sector says
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Lost in space: Office return key to economic lift-off, property sector says
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Confidence in Victoria’s COVID-ravaged property industry is roaring back, according to its peak lobby group, but the slow return of office workers to their desks is holding up the recovery of the $42-billion-a-year sector.
The Property Council’s quarterly confidence survey, to be published on Thursday, shows expectations for building, hiring and economic growth has bounced back from the depths of pessimism that were plumbed during the pandemic among the state’s builders, commercial landlords and other industry players.