Over 950 property industry professionals from all states and territories expect residential capital values to improve over the next 12 months, with the national expectations index increasing by 17 to 35 index points, according to the latest ANZ/Property Council Survey for the March 2020 quarter.
ANZ Senior Economist, Felicity Emmett (pictured) said: “The improvement in the residential property market seems set to continue. The results of the latest survey show that the strong improvement in sentiment about residential property has extended into the current quarter.”
“Prices are benefitting from a combination of pent-up demand and low stock levels, but we think that the current strong monthly price gains will moderate in 2020 as more supply comes on stream and credit policies stay relatively constrained.”
You can read more about the results HERE.