Brighter Buying

Confidence: It’s on the rise in Queensland property

by Kate Watt, Marketing Manager 19 July 2017

Just one Australian state recorded a rise in market sentiment for the September 2017 quarter.

Yes, it was Queensland. This was the third consecutive rise in confidence in Queensland recorded by the ANZ/Property Council Survey.

Property Council Queensland executive director Chris Mountford told the boost to the Queensland First Home Owners Grant and infrastructure commitments were behind the most recent rise in sentiment.

(So it would appear our State of Origin victory had nothing to do with it, but everyone likes to back a winner so perhaps that will flow through to next quarter.)

Confidence levels still had plenty of room to rise further and catch up with New South Wales and the ACT which were leading the nation in confidence levels, despite quarterly declines.

The ANZ/Property Council Survey gauges the property industry’s views on:

  • the outlook for Australia’s national and state/territory economies
  • property asset class performance
  • employment intentions
  • expected work flows, and
  • critical industry drivers.

The survey asks the opinions of around 1700 respondents – including, owners, developers, agents, managers, consultants and government – across all major industry sectors and regions.

Want to make the move to a state that’s on the rise? View our current listings for sale or check our listings for rent.

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