Australia’s property market -There’s no denying we live in a world that feels hard to predict.
The good news is that there are some fundamentals about Australia’s property market industry that should make us positive about the future.
Here are 4 reasons to be confident:
1. Interest rates are at historic lows – the cost of business and government borrowing to build has never been cheaper. If there is a best time for governments to invest in long-term economic assets its now.
2. Australia’s population is steadily growing – according to the ABS, our population is increasing by about 325,000 people a year, so there are strong demand drivers for our industry.
3. Australia is seen the world over as a reliable place to invest – Australia is a dependable investment location that provides regulatory certainty.
4. Australian property companies are world leaders on many indicators – our market is one of the world’s most transparent, we are world leaders in sustainable property, and our skills and innovation are being exported around the world. It’s why we are so focused on developing and broadening the talent pool in our industry.
There is always uncertainty, but there are compelling reasons why our industry can be positive about the future.
Source: Property Council Of Australia