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Cautious optimism advised as sentiment improves in Qld
By Bianca Dabu
22 April 2021
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1 minute read
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Property confidence levels have surged in Queensland, but experts remain cautious as they await the repercussions of Brisbane’s most recent lockdown.
The latest ANZ/Property Council Survey has revealed an increase in confidence levels in Queensland’s property sector over the March 2021 quarter, rising to 144 index points from the previous quarter’s 124. This result surpassed the national average of 142 points. A score of 100 is considered neutral.
Despite the slower than expected return of workers to major business precincts, the result showed industry confidence nearly tripling since the height of the pandemic, when only 58 index points were recorded during the March 2020 quarter.
Date Time
Kathy Mac Dermott and Chris Mountford to depart Property Council
The Property Council of Australia has announced that both Chief Operating Officer Kathy Mac Dermott and Queensland Executive Director Chris Mountford will be stepping down to take up other roles.
Ms Mac Dermott has decided to pursue non-executive director board roles and build a consulting practice. Mr Mountford will take up the role of CEO of Independent Schools Queensland.
Property Council Chief Executive Ken Morrison paid tribute to both executives.
“Kathy and Chris have been instrumental in the Property Council’s success for over a decade and leave tremendous legacies,” Mr Morrison said.
Date Time
Property confidence stages remarkable comeback
The latest results from the ANZ/Property Council Survey reveal surging confidence levels in Queensland’s property sector, despite the slower than anticipated return of workers to major business precincts.
Property industry sentiment in Queensland bounced from 124 points in the December 2020 quarter, to 144 index points in the March 2021 quarter. The result shows that industry confidence has nearly tripled since the height of the COVID pandemic, when a low of 58 index points was recorded during the March 2020 quarter. A score of 100 is considered neutral.
Property Council Queensland Executive Director, Chris Mountford, said the results were nothing short of phenomenal, however, it was critical that the positivity was not taken for granted.