Significant investment in infrastructure, a commitment to innovation, and major growth in key industries have shaped our thriving local economy. Confidence across key indicators have reached historic peaks, reflecting the current promising conditions for investment.
The ANZ/Property Council (of Australia) Survey for the June quarter has revealed the highest levels of property sector confidence on record. The recent survey showed that South Australia sat at 148 on the confidence index, increasing 7 percent from March 2018. The surge in property confidence exceeds the South Australian historic average by more than 30 points alongside a current high in state economic growth expectations which is 47 points above the historic average. Confidence in the management of the economy has also spiked with a 22 point increase from last quarter, sitting at 19 points above the historic average.
Major investments and projected work schedules have also grown from the previous quarter. The construction sector is expected to expand due to hotel, office and industrial construction activity.
The current landscape shows there has never been a better time to invest in the City of Adelaide and capitalise on recent capital growth, ongoing State and local commitment to innovation and continued growth in key industries.
To view select ANZ/Property Council Survey historical data series, visit the Property Council’s Data Room.
To find out more about the ANZ/Property Council Survey and our Support Sponsor RCP, visit www.propertycouncil.com.au/confidence.
If you would like to find out more about setting up your business in Adelaide, we are here to support your journey. Contact Ben Kirchner, Business Engagement & Attraction Advisor. B.Kirchner@cityofadelaide.com.au