Improved confidence buoys market

Improved confidence buoys market

Posted on Thursday, January 16 2014 at 3:09 PM

A record high of 140 points in the Property Industry Confidence Index has marked a turning point in Australia’s housing market, according to the Property Council of Australia.

Chief executive
Peter Verwer says the figures for the March quarter are great news for all
Australians working in the property industry.

Verwer cites a
more stable political arena, low interest rates and increases in real estate
staffing levels as contributing to the improved confidence.

expectations about house price growth and significant expected increases in
residential construction activity across the nation are driving a strong upturn
in confidence for the property industry,” Verwer says.

“The industry has
been buoyed by strong staffing level increases across the nation over the last
three months and is confident of further increases in staff hiring over the
next 12 months.”

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