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1.Market Observations, 8.Was Sticky

3 Oct 2019 (AFR) – Commercial property confidence slumps after post-election surge

(3 October 2019, AFR, p32, Michael Bleby, Senior Reporter)

Commercial property industry sentiment (ANZ, Property Council Survey, AFR)

Commercial property industry sentiment (ANZ, Property Council Survey, AFR)

‘The property industry’s post-election confidence bounce was short-lived, with the peak body’s latest quarterly survey of sentiment dropping back on concerns about sluggish economic growth and land tax dragging on sentiment in SA and Queensland. Industry professionals’s confidence about the coming December quarter dropped 10 points to 118, according to the latest ANZ/Property Council Survey, leaving the headline index of sentiment slightly above its June level of 115 and well below the historical average of 126.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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