Data from the latest Property Council/ANZ property industry confidence index to September 2014 shows that confidence remains steady at 131 points, dropping only slightly from the 132 that was witnessed in the previous quarter.
The continued confidence comes from the fact that house prices are currently still sitting high and show no sign of dropping - despite a slowing in the level of growth being witnessed in May.
In the commercial sector, there has also been an increase in confidence that was brought about by the fact the number of jobs is on the increase, leading investors to suspect that many Australian firms will need new offices to rent in the near future.
Property Council of Australia acting chief executive Glenn Byres said that the results are promising as it shows off an industry that is currently secure in itself and is very confident about its future.
Posted by Steve Douglas