Home News Survey finds rising confidence in Aussie housing sector

Survey finds rising confidence in Aussie housing sector

Font size :
The latest ANZ/Property Council sentiment survey has revealed that the confidence level in Australia’s real estate and construction sectors remains high, thanks to low interest rates, offshore buying and a record pipeline of apartment projects.
 
The poll, however, saw weakening in some states but also that hiring intentions and forward workloads remain strong.
 
ANZ Research senior economist David Cannington said in the Financial Review that the confidence is diverging and New South Wales clearly appears to be the most optimistic, in contrast to Perth’s multi-year low. The positive outlook, meanwhile, is dominated by Sydney, Melbourne and Brisbane.
 
"A lot of that optimism is driven by the solid apartment pipeline," Cannington said. "Outside those areas the outlook is less strong."
 
For Property Council chief executive Ken Morrison, property is now the source of Australia’s booming economy.
 
"The message to government is that they have to keep this going," he was quoted as saying by the Financial Review. "State governments need to focus on approvals and planning. And, the national government needs to make sure that the tax reform and foreign investment settings continue to support the sector."

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

House prices return to more affordable levels in mining towns House prices return to more affordable levels in mining towns

While the end of the mining boom has had a negative impact on property prices, homes in the region have become more affordable Read more

Borrowers should anticipate a possible rate hike Borrowers should anticipate a possible rate hike Some experts advise borrowers to look for a fixed loan that allows extra repayments so that they can whittle down the balance sooner ... Read more

Why choosing the right mortgage is hard for first-home buyers Why choosing the right mortgage is hard for first-home buyers Many feel overwhelmed by the sheer range of products and interest rates on offer, a new survey reveals ... Read more

Mortgage applications drop in second quarter Mortgage applications drop in second quarter This marks the “beginning” of a downward trend, says Equifax executive ... Read more

More mortgage news and articles

Sponsored Links

Thursday, Jul 27, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords