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Confidence in SA setting positive new benchmarks

Date Time Confidence in SA setting positive new benchmarks Confidence across South Australia’s property sector has improved by 135% in 12 months as the state continues to rebound from the COVID-19 pandemic. According to the latest ANZ/Property Council Survey, statewide confidence in South Australia sits at 142 for the March 2021 quarter, lifting 14 points – or 11% – since last quarter. The survey includes responses from property industry professionals from South Australia and across the country and was conducted between the 15 th March and 31 st March 2021. Confidence levels in South Australia are currently 23 points higher than the state’s historic average (119) and only seven points shy of the strongest result on record (149). A score of 100 is considered neutral.

Property sentiment bounces back to growth

Property sentiment bounces back to growth Share Property industry confidence roared back in the fourth quarter, with a key measure of industry confidence recording its highest jump on record as increasing signs that COVID-19 was under control boosted sentiment and the ability of businesses to make decisions. The ANZ/Property Council Survey for December rose 41 points from three months earlier to 123, more than double the previously largest quarterly gain of 17 points in 2013. The gain reflected not just the quarterly bounce back in growth, signalling a technical end to the COVID-19 recession, but also a growing sense of confidence that the partial withdrawal over the quarter of support measures such as JobKeeper, boosting cash flow for employers, JobSeeker and household stimulus payments had not hit employment significantly, ANZ senior economist Felicity Emmett said.

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