Property

Confidence returns to construction

The Northern Territory was the location to record the highest confidence level, reaching a score of 159.
The Northern Territory was the location to record the highest confidence level, reaching a score of 159.

A STRONG engineering construction industry is fuelling greater confidence in Australia's property sector, according to a new study.

The Property Industry Confidence Survey, released by the Property Council of Australia (PCA) in conjunction with ANZ, saw the property sector's overall outlook rise by six points in the June quarter to 113 - up from 107 points in March.

According to the report's authors Warren Hogan and Paul Braddick, commercial property emerged as one of the strongest building sectors, defying investor uncertainty and demand both domestically and globally to maintain high yields - providing a positive foundation for future growth.

"The Australian commercial property market is very well placed and remains at the early stages of a multi-year cyclical upturn in valuations," they said.

The authors asserted: "Prospects for hotel, office and industrial property remain strong."

According to PCA chief executive Peter Verwer, more than half of the quantifiable lift in sentiment was attributed to three states - Western Australia, the Northern Territory and Queensland.

The only states to decline in confidence were Victoria and Tasmania and most respondents anticipate their own future work levels will increase in the coming year.

The Northern Territory was the location to record the highest confidence level, reaching a score of 159.

A positive economic outlook combined with several large mining construction projects - including the $33 billion Itchys development - providing a significant boost.

Topics:  construction industry hutchinson builders



From London to Dalveen

NEW DIRECTION: London-born photographer and cinematographer is enjoying a change of pace since moving to the Granite Belt.

Filmmaker sets up home on Granite Belt property

An insiders guide to driving a car

SSSHHHHH: Andrew Gale is letting you in on a few secrets.

Get the inside goss from regular columnist Andrew Gale

Man charged over motorised pushbike

A man has been charged for riding an unregistered, motorised bike in Stanthorpe.

A man has been charged for having too much power on his pushbike.

Local Partners

Warwick teens skip STD protection

Thousands of teenage girls on the Southern Downs have skipped the life-saving cervical cancer vaccine.


Events you need to be at this week...

Andrew Lange races at Warwick Dragway.

No Prep Kaos drag racing open to all

Noll meltdown won't affect Gympie Oz Day concert

Shannon Noll

Photo Contributed

Shannon Noll is still expected to perform in Gympie next Thursday

T20 Warwick club round today

Cahal Davis bowls for Sovereign Animals at Slade Park this season.

Warwick cricket moves to T20 format

50 Shades actress on why she hates the film

Dornan and Johnson’s frequent sex scenes were ‘awkward’ to film. Picture: SuppliedSource:Supplied

Jamie Dornan doesn’t blame you for hating 50 Shades

Chris Hemsworth’s X-rated compliment to former co-star

Australian actor Chris Hemsworth poses on the red carpet for the European premiere of the film 'Avengers: Age of Ultron' in London on April 21, 2015.

THOR star once paid former Home and Away actress a lewd compliment.

'I can't keep my mouth shut any longer'

Singer George Michael.

George Michael’s cousin blasts singer’s boyfriend Fadi Fawaz.

Fresh faces: NCIS gets a shake up with new cast members

The new cast of NCIS, from left, Rocky Carroll, Pauley Perrette, Sean Murray, David McCallum, Brian Dietzen, Wilmer Valderrama, Emily Wickersham, Mark Harmon, Duane Henry and Jennifer Esposito.

THREE new characters join naval drama for season 14.

First the Onesie, now an Xbox One S inflatable controller

Fancy an inflatable Xbox One S controller?

Inflatable controller 'perfect sidekick' for Australia Day party

Sarah Harris: Here’s what Amber Sherlock should’ve done

Studio 10 and Shark Tank presenter Sarah Harris.

STUDIO 10 host says Sherlock could’ve avoided the subsequent uproar.

Historical home leaves family's hands after 75 years

SALE CONFIRMED: The Gympie Regional   Realty team which sold the Ramsey property are (back) Mel Gastigar, Dorothy Palmer and Margaret Cochrane, with (front) home seller Terri-Jayne Ramsey.

Ramsey family played a huge role in Gympie's growth.

What a year 2016 proved to be

Entrance Island, Birtinya

Get the inside info from the agents themselves

REVEALED: What Coast wants in an international airport

Sunshine Coast business people share their views on what's needed

Time for a cool change

43 Eckersley Ave, Buderim.

Family home goes to the auction floor

Designer home set in lush tropical gardens

This home has it all and more

Ready to SELL your property?

Post Your Ad Here!