The property and construction industry see the holding steady on interest rates as a small relief in the current climate, according to property and construction consultants Davis Langdon.

Davis Langdon managing director Mark Beattie said the industry was facing considerable uncertainty at the moment.

“New projects are in jeopardy as access to credit has become extremely difficult even though other project fundamentals stack up,” Mr Beattie said.

“Sentiment in the private sector market of development has changed in recent times largely due to interest rates and availability of debt.”

For further information, contact Meaghan Jones at Davis Langdon's Communications Department on +61 3 9933 8800 or email mjones2@davislangdon.com.au