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Cautious optimism advised as sentiment improves in Qld

Cautious optimism advised as sentiment improves in Qld By Bianca Dabu 22 April 2021 | 1 minute read SHARE 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.

Confidence in Victoria s property industry lags behind national average

Confidence in Victoria’s property industry lags behind national average By Bianca Dabu 15 April 2021 | 1 minute read SHARE While confidence continues to climb across a majority of the nation, Victoria is lagging behind as it struggles to recover from the impacts of COVID-19. In the latest ANZ/Property Council of Australia industry confidence survey, Victoria scored a slim 124 index points for the March 2021 quarter – below the national average of 142. A score of 100 is considered neutral. In contrast, all other states and territories were either at par or higher than the national average, with Western Australia at 157 index points, NSW and the ACT at 145, Queensland at 144 and South Australia at 142.

Property industry confidence continues to climb

Date Time Property industry confidence continues to climb Property industry confidence levels are approaching record highs as the sector leads Australia’s economic recovery from the COVID-19 pandemic. The ANZ/Property Council industry survey for the March quarter found that national industry confidence soared to 142 points, the second highest level since the survey began. This represents an 80-point improvement over the last twelve months when the pandemic first impacted on confidence levels. A score of 100 is considered neutral. Property Council of Australia chief executive, Ken Morrison, said rising confidence was being driven by record high economic growth expectations. “When the property industry is confident it is exceptional news for the entire national economy because it employs so many people, more than 1.4 million Australians,” Mr Morrison said.

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