Confident Victoria creating opportunity for sustained growth

The latest ANZ/Property Council Survey reveals that the Victorian property industry remains strong, recording a new benchmark for sector confidence levels.

Property Council Victorian Deputy Executive Director, Matthew Kandelaars, said that the robust state confidence figures show industry’s appetite to work with Government to support a prosperous Victoria.

“Victoria is well positioned to take advantage of this sentiment,” said Mr Kandelaars.

“We encourage Government to continue to work with Victoria’s property industry and support long-term responses to boosting housing supply and addressing affordability.”

Forward work and staffing level expectations rose for the June quarter, supporting a strong and stable index score of 147 points for Victorian respondents’ sentiment.

The ANZ/Property Council Survey is the nation’s leading measure of confidence in the property industry and polled 1,042 respondents for their forward-looking views.

The total index score for Australia rose from 139 to 143 points over the June 2018 quarter. A score of 100 is considered neutral.

Fast Facts (Victoria):

  • Victorian index score: increased to 147 points this quarter — an historical high for Victoria.
  • Forward work schedules have increased from 50 to 54 points over the June 2018 quarter.
  • Staffing level expectations surpassed previous highs, rising from 32.1 to 34.4 points.

 

Media contact:  Matthew Kandelaars | E mkandelaars@propertycouncil.com.au

To view select ANZ/Property Council Survey historical data series, visit the
Property Council’s Data Room

To find out more about the ANZ/Property Council Survey and our Support Sponsor RCP, visit
www.propertycouncil.com.au/confidence