Growing concerns about national economic growth are weighing on sentiment in the property industry, with a sharp drop in sentiment over the last quarter.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 almost 1,000 respondents - including, owners, developers, agents, managers, consultants and government - across all major industry sectors and regions.
The survey was most recently conducted for the December 2019 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.
Signs of recovery in the residential property market have been emerging for some months now, with sentiment turning around convincingly in May. Interest rate cuts (both actual and anticipated), and regulatory easing have been key drivers of this turnaround.Felicity Emmett, Senior Economist - ANZ.