The year that was and the year to come in property By Aoife Garvan
The budgets are in, COVID vaccines are out and all eyes and ears are on the property market for the next financial year (FY). After what could only be described as an intense FY 2020/21, the Australian property market is signing off in June busier than ever before. Particularly in states like Western Australia – which has seen its sales settlements volumes skyrocket in the past six months alone. Golden decade Looking ahead, Jen Williams, QLD Deputy Executive Director of Property Council of Australia, proudly speaks about the golden decade in front of the state after Brisbane’s recent placement as one of the world’s top 10 most liveable cities. “Being recognised as one of the most liveable cities in the world this 2
year has set us up nicely to be seen internationally as a great city to live, work and play. Not only that but Queensland has been the beneficiary of increased interstate migration due to the impacts of COVID-19 in other states, a trend I foresee will continue into the new financial year. And with the Olympics ahead of us, a golden decade is certainly on track,” Williams said. Jen is not the only industry leader with a positive outlook on our property market with the latest results from the ANZ/Property Council Survey revealing a surge in confidence levels in Queensland’s property sector, despite the slower than anticipated return of workers to major business precincts. The survey canvasses
