Queensland Property Sector Confidence Soars

Queensland Property Council Executive Director Jess Caire welcomed the results, which she explained were off the back of a string of government initiatives focused on bolstering supply.

"Sentiment is up across the vast majority of sectors, highlighting that Queensland has significant momentum and growth potential," Ms Caire said.

"Confidence is likely to continue to increase with clarity and a renewed sense of enthusiasm and certainty around the plan for the Olympics.

"This year the government has announced a range of initiatives to make it easier to deliver supply across all property sectors.

"This includes announcements such as the Residential Activation Fund, the re-establishment of the Queensland Productivity Commission as well as the Property Consultative Committee.

"The wind is well and truly at Queensland's back with growth expectations across Queensland's office, industrial and retail sectors the highest in the country.

"While confidence is up with plenty of projects planned across Queensland, challenges remain, including ensuring we have the construction workforce needed to build the infrastructure, houses and businesses we need.

"In addition to our construction productivity challenges, the impact of Queensland's tax settings also continues to disincentivise critical investment.

"We must use the jump in optimism and industry confidence to address these issues so we can maximise the momentum Queensland is experiencing," Ms Caire said.

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.