Date Time Victorian confidence lags nation, with medium-term outlook improving The latest ANZ/Property Council of Australia industry confidence survey highlights Victoria is lagging behind the rest of the country with a long way to go on the path to recovery. Property industry confidence in Victoria is the lowest in the nation at 124 index points for the March 2021 quarter – below the national average of 142 index points. A score of 100 is considered neutral. However, medium-term outlook in Victoria is turning positive, with Victorians optimistic that the COVID-19 situation will improve over the next three months. While Victorians demonstrated the lowest state growth expectations in the nation, they also reported the highest level of expected growth for Victoria since June 2018. Victorians also reported an improvement in capital growth expectations across all sectors, with the exception of the hotel sector, for the next 12 months.