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Surge in Industry Confidence in WA Sets Scene for Economic Bounce Back
Surge in Industry Confidence in WA Sets Scene for Economic Bounce Back 11 January 2018 Matthew Hughes Property Council Research Industry sentiment across the WA property industry increased by 42 basis points in the last 12 months, by far the highest of any state, according to data from the latest ANZ/ Property Council Survey. “As business confidence in the east appears to be coming off the boil, WA has bucked the trends being the only state to record a positive shift in sentiment over the last quarter. Confidence for WA rose from 129 to 140 index points, bringing us equal to NSW and second only to Victoria,” Property Council WA Executive Director Lino Iacomella said. Index Overall Context Quarterly Result Index Quarterly Change Comment Confidence Index POSITIVE UP 129 to 140 Positive and substantial increase State Economic Growth POSITIVE Up 11 to 40 Positive and substantial increase State Govt Performance NEGATIVE DOWN -0.3 to -4.1 Negative and declining Debt Finance Availability POSITIVE UP -3 to 1 Increase and shift from negative to positive House Capital Growth POSITIVE UP 4 to 21 Positive and substantial increase Forward Work Schedules POSITIVE STEADY 41 Positive and steady
Property Council Research Industry sentiment across the WA property industry increased by 42 basis points… Read Article