NSW sees biggest fall in confidence in property outlook

PHOTO: Sydney, NSW

The ANZ-Property Council Survey for the June quarter shows a further decline in sentiment in Australia’s property sector.

Confidence has hit a new low and is now at the lowest level since the survey began in 2011.

Residential property continues to lead the fall in overall sentiment.

Nearly all the key residential indicators declined further in the June quarter, with sentiment, prices and construction all reaching fresh lows.

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