Retirement living sector to lead national construction in 2017/18, ANZ/Property Council survey finds

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The latest ANZ/Property Council Survey for the September quarter has found the village sector can expect the most construction activity over the next year, followed by hotels, according to The Australian.

The survey, which was based on responses from over 1,700 property industry professionals collected nationally during June, revealed that a sharp drop-off is expected in housing price gains over the next 12 months, although growth should still stay in the positive territory.

That’s despite the national property confidence index dropping three points to 132 points over the same time. A score over 100 is considered positive.

It all points to good news for village developers as Australia’s ageing population looks to downsize.

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