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Confidence in Australian property still remains high despite talk of a housing bubble and tighter lending conditions.
ANZ’s survey of Property Council members for the June quarter showed that respondents in the sector are staying bullish in the face of some headwinds. Sentiment remains high in NSW, and the latest data reveals a surprising boost in confidence for the WA market.
See Graphs below
ANZ chief economist David Plank noted that renewed confidence in the sector was “of particular interest” in the latest survey.
“Expectations of price growth continue to rise, and the outlook for construction activity and staffing requirements have also picked up,” he said.
The prevailing sentiment pushed the confidence index to its highest level since December 2014...
Source: Business Insider Australia