Confidence remains in Qld property market

Despite a slight overall decline in sentiment, Queensland remains the fourth most positive state, the Property Council noted.

“While the results show a slight decline in confidence over the past quarter, they represent a levelling out of the surge in confidence we saw in the June survey,” said Queensland executive director of the Property Council of Australia, Kathy Mac Dermott.

“The slight decline in overall confidence is driven by less positive capital growth expectations in most sectors over the next 12 months.”

Hotels, tourism and leisure property in Queensland is being positively regarded by those in the industry, however, due largely to increased hotel stock within the Brisbane central business district of late.

“The success of hotel stock has also been bolstered by the Guide to Hotel Investment in Brisbane, Australia, a joint initiative between the State Government through the Department of Tourism, Major Events, Small Business and the Commonwealth Games and Brisbane Marketing.”

The Queensland government recently reported that the state led all others for international visitors.

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