The industry’s forward work expectations have continued to lift this quarter and so have their staffing level expectations. This means that the property sector – which employs more Australians than any other sector – is set to hire more people and deliver more work, something both sides of politics should welcome as we begin the federal election campaign.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 653 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 2022 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 opening of the international borders has buoyed tourism sentiment, lifting it to its highest level since 2018.
While retail and office property sentiment remain in positive territory, they face headwinds, particularly office property, where sentiment declined in the March survey.