Cautious optimism advised as sentiment improves in Qld
By Bianca Dabu
22 April 2021
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1 minute read
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Property confidence levels have surged in Queensland, but experts remain cautious as they await the repercussions of Brisbane’s most recent lockdown.
The latest ANZ/Property Council Survey has revealed an increase in confidence levels in Queensland’s property sector over the March 2021 quarter, rising to 144 index points from the previous quarter’s 124. This result surpassed the national average of 142 points. A score of 100 is considered neutral.
Despite the slower than expected return of workers to major business precincts, the result showed industry confidence nearly tripling since the height of the pandemic, when only 58 index points were recorded during the March 2020 quarter.