1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

South Australian property market experiences confidence bounce-back

January 13, 2012

The confidence exhibited by commercial real estate investors in South Australia has returned in 2012, rising six points from 99 to 105 in a recent study.

According to the Property Industry Confidence Survey of 2,800 professionals across the country, the state looks set to recover from the combination of an economic slowdown and reduced housing prices.

Researchers have highlighted a number of commercial projects that may have contributed to the sentiment bounce-back, including the government's approval of an Olympic Dam expansion proposal.

In a state where the property market is one of the biggest private employment sectors - contributing 10 per cent to SA's gross state product - the news of ongoing developments has been well received.

Speaking on the boost in confidence, the executive director of the Property Council of Australia South Australia division Nathan Paine described the shift as "phenomenal".

Paine asserted: "This report is great news for all South Australians, as the surge in confidence was coupled with an expectation of higher employment levels in the property sector, the largest private sector employer in the state.

"It seems this result is also a reflection of confidence in the state government's direction for the city - it's been widely recognised that South Australia needs a strong capital to anchor the state's future growth."

Related Articles

Adelaide set to enjoy record growth

Adelaide is earmarked for major growth, with the city expecting a boom in new developments this ...
read more

Victoria Square set for a facelift

Opportunities for property investment in the Victoria Square area of Adelaide could soon improve, ...
read more

Adelaide businesses to benefit from NBN rollout

Business owners who rent commercial property in Adelaide will be among those who benefit from the ...
read more

Latest Articles

Reductions to Queensland business regulation expected to boost investment

The Queensland government has been dedicated to reducing the amount of red tape surrounding the ...
read more

Approval numbers for dwellings rose across Australia during February

Buying land and building residential property is a great way to establish yourself in the real ...
read more

Potential investment opportunities arise from capital city value growth

Australia's capital cities have undergone some impressive dwelling value growth over the ...
read more