The Australian property sector is expecting a bright and prosperous period over the next twelve months, with the latest survey of around 2,300 managers and professionals from across the sector showing buoyant expectations regarding capital values, forward work schedules and employment.

In the September quarter, the Property Council of Australia/ANZ Property Industry Confidence Index contracted marginally to come in at 131 points (see chart) but remained well above the 100 point mark separating buoyant expectations from negative sentiment. Whilst New South Wales led the way followed by Queensland and encouragingly, Tasmania,…