Confidence in property is back, with industry insiders believing there will be more good times ahead.
According to the Property Council’s Confidence Index, national confidence in the property market has risen six points to 120, with a score of 100 considered neutral.
Sentiment was highest in South Australia and Western Australia, however, across Victoria, levels dropped to only slightly above neutral – the lowest in the country.
The confidence boost comes as the housing supply remains tight and demand continues to increase on the back of huge levels of immigration.
