• Industry confidence high for 2016

A recent survey released by the Property Council of Australia, in partnership with ANZ, reveals the industry’s positive forecast for the national economy in 2016.

The survey of 1,500 major industry players gauged the overall outlook for the property industry this year. It explored the views of owners, developers, agents, managers, consultants and government on employment, work flows and critical industry drivers from all across the sector and country.

“Industry confidence levels remain strong, forward work levels and staffing expectations are positive, and the industry expects non-residential construction to improve,” said Property Council of Australia Chief Executive, Ken Morrison.

The only state to show a negative swing in confidence was Western Australia, where the Property Council noted it “looked to be coming to terms with its new economic climate”. The commercial sector is seeing ongoing demand in construction and continued interest from foreign investors, with a bumper year forecast.

A copy of the report can be found here.

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