The South Australian property market recorded a second consecutive quarter of improving confidence, reaching above the national average, according to the latest ANZ / Property Council survey.
State industry confidence for the December quarter of this year held steady at 98 points, above the national level of 82 points.
According to the survey, South Australians are the most optimistic about the future impacts of the COVID-19 epidemic, with more than half of those surveyed expecting them to be things are improving over the next quarter.
"It will take time to return to pre-COVID confidence levels, but the current trajectory gives rise to cautious optimism," said Daniel Gannon, executive director for South Australia at the Property Council.
Gannon said the state government must do its part to ensure that the real estate market and business owners continue to thrive despite the effects of the epidemic.
“During the last quarter, we learned a lot about business innovation and organizational agility. Here in South Australia we are relatively safe, healthy and resilient, resuming our operations and reopening our economy as confidence continues in the north, ”he said.
Overall, confidence in the Australian real estate market is increasing, thanks to the array of stimulus packages from state and territory governments.
Ken Morrison, Managing Director of the Property Council, said the HomeBuilder program, in particular, is providing the much needed boost to the real estate industry at such a "critical time".
"HomeBuilder is the pop star of the government stimulus packages released to date – very effective, immediate and good value for money. The challenge will be to keep this momentum going beyond December. , when the current program expires and we see a dramatic drop in population growth due to border closures, ”he said.
Top suburbs:
sunshine
,
Will Parliamentstown
,
Rockville
,
lockridge
,
Scarborough
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