Property industry confidence is on the rise according to the latest Procore/Property Council Survey.

Property Council of Australia Group Executive Policy and Advocacy Matthew Kandelaars, says the stable interest rate environment and easier access to finance is helping calm the industry, despite it having to deal with “broken state planning systems and government inefficiencies”.

He says all levels of government need to work together to meet national housing targets and encourage investment in the property sector.

The survey shows that expectations of further house price growth continue to increase reaching their highest level since the December 2021 survey.

“This comes off the back of an undersupply of housing, with 40% of participants noting housing supply and affordability as the major issue facing the federal government and 41% for state governments,” the report says.

The survey canvassed the views of more than 500 respondents including, owners, developers, agents, managers, consultants and government across all major industry sectors and regions.