Confidence in Queensland property on the rise

Treasurer Curtis Pitt has welcomed the latest quarterly ANZ/Property Council Survey which reveals growing confidence in the State’s property sector.

According to the survey confidence has risen two points, putting Queensland above the national average.

“It’s very encouraging to see confidence in the Queensland property industry is on the rise,” Mr Pitt said.

“The Property Council acknowledged that our positive economic policies are one of the key factors behind this increased confidence.

“They specifically cite the Palaszczuk Government’s new planning legislation along with the SEQ Regional Plan and new State Infrastructure Plan, which are both being developed, as contributors to the confidence boost.”

Mr Pitt said there was an exciting pipeline of major developments in Queensland in some of the State’s tourism and population centres.

“Work is already underway on the Queens Wharf integrated resort development in Brisbane,” he said.

“Other proposed developments such as Aquis in Cairns, ASF on the Gold Coast and the Herston Quarter in Brisbane are also being progressed.

“These projects have the potential to create thousands of jobs and generate economic uplift in Queensland.”

The ANZ/Property Council Survey is the nation’s leading measure of industry confidence, with over 2,200 respondents across the country participating in the survey.

Source: News Release, Queensland Government, 08 October, 2015

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