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Canberra ‘urgently’ needs more retirement housing: Property Council



If the trend continues, 120,000 elders will call the city in 2050.

"Our type of housing must reflect and meet the future needs of our city and a more complete understanding of the density that must be created" Mr. ra Cirson said.

"This is critical to long-term planning for our future residents."

According to the Council poll, ACT's real estate confidence fell four points to 130, the second highest rating in the nation behind Southern Australia. A score of 100 on the index is considered neutral.

The survey also found that expectations for real estate available in the ACT remained the highest in the nation, despite falling more than 1

0 points from the last survey.

Confidence in the ACT government increased by more than 20 points compared to the same period last year, but remains negative along with confidence in the economic performance of the territory.

"ACT is one of the fastest growing regions in Australia: ACT the government for simplified planning approvals and the right fiscal framework and incentives to encourage development where and when it is needed," said Ms. Cirson.

There was a slight improvement in confidence in the federal government, he said.

Confidence in staffing levels for industry over the course of the next year remained constant, and while the downward work program has declined, it remains the highest in the country.

confidence in the domestic real estate sector has fallen to its lowest level for over five years.


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