NAB survey shows 49% of Australian property developers plan new projects within six months

Reliance on existing land banks rose sharply, with about 90% planning to use current holdings versus 74% in the prior quarter.

Commercial property confidence eased in the June quarter but stayed positive, with sentiment at +20 over 12 months and +39 over two years.

Queensland leads near-term commencements at 75%, followed by Western Australia at 67%, signaling the strongest development pipelines.

New South Wales sits at 46% while Victoria drops to 28%, pointing to a widening gap in construction momentum across major states.

NAB’s Q2 2026 Commercial Property Survey shows developers pressing ahead despite softer conditions, with 49% planning new starts within six months.