Property industry confidence remains negative in Tasmania and the ACT

Property industry confidence has remained negative in Tasmania and the ACT, despite improvements in all other states, according to research by ANZ and the Property Council of Australia.

While the states with the greatest exposure to the mining industry (Western Australia and the Northern Territory) continued to report the highest readings, property industry confidence converged across the states and territories.

NSW property industry confidence increased sharply (to 131) in the June quarter to be only marginally lower than the NT (132).