Coming off the back off a sustained drop in new housing approvals and construction starts, we must be vigilant to ensure housing supply keeps up with demand, including population growth, as the residential market reboots.Ken Morrison, Chief Executive - Property Council of Australia.
The ANZ/Property Council Survey gauges the property industry’s:
The most recent survey canvassed the views of over 950 respondents - including, owners, developers, agents, managers, consultants and government - across all major industry sectors and regions.
The survey was most recently conducted for the March 2020 quarter. Over time, the ANZ/Property Council Survey will track changes in sentiment across property types, markets, as well as identify the determinants of industry confidence.
The continued improvement in credit availability suggests that the outlook for construction activity, not just prices, should begin to pick up in coming months – initially though a stabilisation and then up-tick in building approvals.Felicity Emmett, Senior Economist - ANZ.