On the back of the March 2014 State election results, Tasmania’s property industry has had a seven
point jump in confidence, according to the latest Property Council/ANZ Property Industry Confidence
Survey.

The eleventh survey, which is the largest of its kind in the country, shows Tasmania’s property industry
sentiment has jumped 32 points over the last 12 months to sit for the first time in the survey’s history at
128 points*.

Property Council Tasmanian President Tim Johnstone, said the results were promising and showed that
the industry had the spring back in its feet.

“Respondents to the survey have indicated their confidence through a number of measures such as the
expectation of increased staffing levels and work schedules over the next 12 months,” Mr Johnstone
said.

“It is clear that having a majority government, coupled with the quick action by the new government in
announcing the $10 million water and sewerage developer charges holiday and the announcement of
the implementation of the planning reform agenda, appear to be winning the industry’s confidence.

“Across a number of key indices, such as capital values across all asset classes, staffing level expectations
and forward work schedules are all looking positive.

“Combined with the respondents’ belief that the next 12 months will see positive state economic
growth, the index shows a positive jump of four points to 100.”

Mr Johnstone said the survey reflected that the industry was looking forward, which was in line with
other business confidence surveys recently released.

The survey polled approximately 2,500 professionals from the property industry in all states and
territories for their forward-looking views.

ANZ Head of Property Research, Paul Braddick said Tasmanian property sentiment increased to an alltime
high in the June quarter, reflecting an improving economic outlook following two years of very
weak conditions.

“Despite a subdued outlook for commercial property construction activity, likely reflecting a soft
business investment environment, the property sector expects capital growth across all commercial
property sectors in the coming year. In addition, housing market activity is expected to improve with
expectations of further gains in house prices and residential construction activity.” Mr Braddick said.

* A score of 100 is considered neutral.

Full results (including graph) are available at:
www.propertyoz.com.au/confidence
Tim Johnstone, TAS President Property Council of Australia, Paul Braddick ANZ Head of Property Research