This strong sentiment bounce is driven by some welcome post-election policy certainty out of Canberra and will be an encouraging sign for the RBA and national policy makers.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 1,200 respondents - including, owners, developers, agents, managers, consultants and government - across all major industry sectors and regions.
The survey was most recently conducted for the September 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.
Over the past month lower interest rates, the proposed change to the interest rate floor by the regulator, and the removal of uncertainty around the impact of the possible tax policy changes have boosted sentiment toward housing.David Plank, Head of Australian Economics - ANZ.