ANZ Bank has today released its quarterly property industry survey, which gauges the views of around 3,000 property industry professionals. This quarter’s survey revealed bouyant expectations for house price growth, the avialability of finance, and property construction.
Overall confidence amongst industry professionals is the highest in more than two years, with all jursidictions except the ACT reporting positive confidence:
Respondents increased their growth outlook for the Australian economy, with “Australian economic growth [expected] to accelerate in the year ahead underpinned by low interest rates and improved debt finance availability”:
Unsurprisingly, the industry expects higher house prices and a positive outlook for dwelling construction in the year ahead, although the commercial construction sector will remain soft:
The property industry also expects the availability of credit to improve:
Full report available here.
