Australia’s property parasites see more price boom

The latest quarterly ANZ/Property Council survey of property parasites has been released, with insiders expecting Australia’s house price boom to continue, alongside a recovery in residential construction activity:

Strong house price expectations over the next 12 months have offset modest confidence in the economy to deliver an improved outlook for the property industry according to the ANZ/Property Council Survey for the March 2020 quarter.

National property industry confidence levels have increased by five index points from the previous survey to 123. This is slightly above the average for 2019 of 121 index points, and three index points below the survey historical average. A score above 100 index points indicates net positive sentiment among survey respondents…

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