The Property Council are sharing the results of their latest survey on sentiment amongst the property owners of Canberra:
Uncertainty in the Federal political environment and ongoing concern about domestic economic conditions continues to harm ACT property sector confidence, with new research showing an ongoing negative outlook for the industry.
The latest Property Council of Australia-ANZ Property Industry Confidence Survey shows a shift in sentiment from 90 on the index for the March 2013 quarter to 96 for the June 2013 quarter. A score of 100 on the index is considered neutral.
The quarterly survey polled more than 3100 property industry professionals across all Australian states and territories on their forward-looking views regarding the business and political environment, the economy, employment intentions and other factors.
Property Council ACT Executive Director, Catherine Carter, says the latest Survey shows ACT continues to have the lowest sentiment of any mainland state or territory, though this had improved marginally from the March 2013 quarter.