PROPERTY MARKET OUTLOOK: MORE CAN BE DONE TO STIMULATE THE QLD ECONOMY
The State Government needs to pull policy levers to stimulate the Queensland economy, was the key message conveyed at the Property Council’s 2020 Property Market Outlook lunch.
In his keynote presentation, David Plank, Head of Australian Economics – ANZ provided key insights into the Australian economic and housing outlook to a crowd of over 500 property professionals.
Mr Plank said, looking forward there is reason to be optimistic, with the combination of lower taxes, lower interest rates and rising house prices, we can be confident that there should be a turn in consumer spending.
David added the property sector in Queensland is fairly confident, the residential outlook and construction sector is buoyant, we should see house prices continue to go up. David raised the potential risks and flow on effects of coronavirus on the state’s tourism sector and economy more broadly, however it’s anticipated the impact will be short and sharp whilst the virus is being mitigated.
David was joined on a panel with Stephen Conroy AM, Chief Executive Officer – JLL, Raynuha Sinnathamby, Managing Director – Spingfield City Group, Rod Fehring, Chief Executive Officer – Frasers Property Group and Bradley Norris, Regional Development Director WLD and WA – Charter Hall and moderated by Chris Mountford, Queensland Property Council Executive Director.
The panel delved into the economic opportunities and challenges facing the industry and the broader economy, highlighting the need for strong economic policy to boost the Queensland economy.
The Property Council would like to thank all guest speakers for their time, and special thanks to our event sponsor Charter Hall and support sponsor Ray White.
To view photos of the event, please visit our Facebook page.