What happened
The Procore / Property Council Industry Survey revealed national property industry sentiment fell to 85 index points in the September quarter of 2026, marking its lowest reading since September 2020. For the first time, tax reform emerged as the primary federal issue, with 42% of state survey respondents nominating property taxes as their primary government concern.
Why it matters here
Subdued developer confidence threatens the delivery of new residential housing and infrastructure projects across Australia. Rising construction, finance, and tax expenses reduce project feasibility, making it harder to expand housing stock. This structural supply constraint supports existing property values while putting long-term upward pressure on residential rents nationwide.
What to watch
State and federal government housing policy announcements and upcoming official releases of the quarterly Procore Property Council industry sentiment survey reports.
Source
propertyupdate.com.au