Latest Results From The ANZ/Property Council Survey
For anyone following news about property investments, the latest results from the ANZ/Property Council Survey for December 2015 should be interesting reading. The survey is conducted quarterly, and seeks the views of a range of participants such as property developers, owners, real estate agents, consultants and government bodies – over 2000 survey participants in all.
The Survey asks participants to rate their views on a range of factors, including:
- Different asset class performance
- Their intentions around employment
- Trends they are seeing within the industry
- Wide scale factors effecting the market industry on a state and national basis
Confidence In The Property Market Still Strong
Keys findings from the survey suggest that confidence in the property industry remains high, although confidence has fallen incrementally over the last four quarters. There was also a general feeling that residential construction activity may ease, while the ANZ believes that while it may not grow in the near future, housing construction will remain high thanks to the continued low interest rates and demand. Interestingly, since the September quarter results, those surveyed recorded an anticipated small increase in the work schedule expectations for the coming months, which is also in line with the ANZ’s expectations for the non-mining sector in the near future.
Indications also pointed to slower price growth across Australia, good news for anyone looking at entering the property investment market in 2016. This was essentially being driven by higher mortgage rates, slower population growth on national basis which reduces the demand for housing. Another more surprising result that the Survey found was that respondents in all states except for Western Australia believed that interest rates would be higher in the next 12 months.
Queensland Property Confidence Boost
Queensland recorded the highest jump in confidence overall, with the industry there gaining two points in the confidence index, which was higher than the national average. Analysts believe that the increase in confidence in Queensland was likely in part due to the raft of initiatives being introduced by the State Government, including the new Infrastructure Plan, and new legislation relevant to the industry.
Get The Help You Need
The survey results point to an interesting year ahead for investors and those wanting to jump into the market depending on your individual circumstances. Whether you’re an experienced investor or someone who wants to learn everything they can, getting assistance from professionals can be critical. Ironfish is one of Australia’s leading property investment companies, and they have the experience, the know how and the expertise to be able to give you a winning edge in the market.
Link to ANZ/Property Council survey: http://www.propertycouncil.com.au/Web/EventsServices/Research%20and%20Data/Sentiment__Survey/Web/Events___Services/Research%20Services/ANZ_Survey.aspx?hkey=c118acf0-384d-4778-be64-c29b97bfebb7