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Commercial and residential inve...

Commercial and residential investors enjoying improved confidence

Offices and residences are offering fantastic opportunities for future returns, according to investors.
Investors across Australia now have a level of confidence that has been buoyed by the nation's return to strength on two fronts in the past two years, reports the Sydney Morning Herald.

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

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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