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

SA initiative keeps apartment prices low

The South Australian government is launching a new initiative to keep residential property ...
read more

Capital city home values continue to rise in April

Home values continue to grow in Australia, but at a slower pace, according to the RP Data-Rismark ...
read more

Adelaide set to enjoy record growth

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

Latest Articles

How is Australian investment faring?

Looking at the investment property market, it appears that the industry is thriving. The Australian ...
read more

Council calls for property reform

Buying a property comes with a wide range of fees and taxes, depending on where you buy and the ...
read more

Home values just keep on rising

Despite an alleged peak in home building having passed and a cooling in growth, there is still a ...
read more