Victoria recorded its lowest-ever level of confidence in the state government’s ability to plan and deliver growth, plunging to negative 86.4 points from negative 71.2 points – again, the lowest result in the country. Victoria was also the only state to record negative forward work schedules – sitting at negative 12.7 points. This directly relates to a major slowing in the delivery of housing, jobs and, in turn, economic growth in the state.
As a result of these crisis-level figures, the property sector is now calling on the government to deliver an urgent plan for economic growth and renewal within the next 30 days that would address the removal of investor taxes to make Victoria a destination of choice for investment.
Property Council Victorian Executive Director Cath Evans said that these results reflect an industry that has lost faith in the state’s economic direction and ability to deliver growth.
“In the last 90 days, the Victorian Government handed down a State Budget which outlined no meaningful plan to attract the investment we need as a state,” she said.
“Investment is leaving Victoria at scale and development projects are becoming increasingly difficult to deliver because of uncompetitive tax and regulatory settings.
“Within the next 30 days, the government needs to outline its plan to restore Victoria’s economy, and attract businesses and investors back to the state, and this starts with the abolition of investor taxes.
“Unless the government changes course, confidence will continue to stay at record lows, and all Victorians will ultimately pay the price.”
The Q2 2026 survey was conducted online between 1 June and 17 June 2026 and included 606 respondents.
