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



'Bungled' shark management plan failed the community: Labor

Plans for shark barriers on the North Coast have been abandoned.

"Surfers are still being put at risk because of government inaction"

DEADLY BEACHES: History of shark attacks on the North Coast

Tadashi Nakahara was killed by a great white shark in February 2015.

Today's shark attack was the seventh shark attack in two years

Shark attack “risk that surfers are prepared to take”

Cooper Allen, 17, was attacked by a shark at Lighthouse Beach, Ballina, this morning. Photo: Facebook

Threat of sharks was a “risk that surfers are prepared to take”

Local Partners

Josh Brolin and Kathryn Boyd tie the knot

Josh Bolin marries in front of close friends and family

Marilyn Manson wants a 'nice' girl

Marilyn Manson wants a girl who understands both of his identities

Angelina turns to Depp for consolation after divorce

Brad Pitt and Angelina Jolie with their six children

Angelina Jolie is reportedly being consoled by Johnny Depp

Conner's food distraction leads to elimination

Australian Survivor contestant Conner Bethune.

HUNGER gets to castaway as Australian Survivor's tribes merge.

Bonus point gets Dan and Carleen over the line on The Block

Dan and Carleen in their winning living and dining rooms in a scene from The Block.

BABY boomers win living and dining week as show hits halfway mark.

Olivia Wilde having a girl

Olivia Wilde revealed she is expecting a baby girl.

Buyers forking out millions

Owners benefiting from undersupplied Northern Rivers market

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

Couple build their own 'tiny house' for $45k

Holly Bowen and Oli Bucher built their "tiny house" themselves, only hiring a plumber and an electrician. Photo/supplied

The house, which is built on a trailer and can be towed.

Sunshine Beach property breaks real estate record

The property overlooks Sunshine Beach, as the backyard lawn meets the sand.

Sunshine Beach mansion sale smashes real estate record

New $33 million development planned for Ballina Shire

The site of a proposed seniors living development at Skennars Head.

Plans include 211 homes, clubhouse and recreational facilities

SOLD: Historic hotel finds new owner

Post Office Hotel Grafton

Photo Adam Hourigan / The Daily Examiner

Pub in new hands and heading in a brand new direction