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Confidence within property industry dips

The latest quarterly ANZ/Property Council survey shows confidence within the property industry edged lower in the past few months.

An aerial view of houses in Sydney
An index measuring confidence within the property industry has fallen to a five-year low. (AAP) Source: AAP

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Presented by Justin Sungil Park

Source: AAP



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Optimism within the Australian property industry has hit a five-year low, a survey shows.

An index measuring overall confidence within the industry fell by three points in the past three months to 123 points, the latest quarterly ANZ/Property Council survey shows.

That's the lowest result since September 2013 and marks a 15-point decline in the past 12 months.


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