Confidence in the potential of Queensland’s property market is on the rise
Confidence has lifted in the Queensland property market this quarter.
CONFIDENCE in Australia’s property market lifted in only one state this quarter – Queensland.
New analysis released through the ANZ/Property Council industry sentiment survey found that confidence levels had lifted in Queensland for the third consecutive quarter.
While it was the only state to experience a lift in the most recent quarter it was still behind other states on a whole.
Property Council Queensland executive director, Chris Mountford, said while it was a good sign the sector was improving more needed to be done to achieve the high levels of confidence some of the southern states were experiencing.
“The difference between the local property industry being pleasantly optimistic and firing on all cylinders is potentially thousands of Queensland jobs,” Mr Mountford said.
He said the most recent rise in confidence could be attributed to commitments to infrastructure and things such as the extension of the boost to the First Home Owners Grant.
Mr Mountford said the industry was waiting for the impending release of the SEQ Regional Plan, to see what sort of impact that would have on the industry.
