ANZ/Property Council Survey
Given the trifecta of deficits, ratings agency reviews and negative growth data from the ABS, it is vital that industries that are growing be allowed to flourish. This is the easiest and least costly way to encourage sustainable growth, quickly.
Ken Morrison, Chief Executive - Property Council of Australia.
The ANZ/Property Council Survey gauges the property industry’s:
- sentiments about the outlook for Australia’s national and state/territory economies;
- views on property asset class performance;
- employment intentions;
- expected work flows; and,
- critical industry drivers.
The most recent survey canvassed the views of more than 1,500 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 2017 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.
Much of the improved outlook for the property market came from the residential segment, supported by improved expectations of capital price growth, forward work schedules and construction activity.
Richard Yetsenga, ANZ Chief Economist.