Potential Investment Opportunity as Queensland Economy Strengthens
Future development of Queensland's financial situation is great news for the owners of Surfers Paradise property, with the latest release from the Newman government indicating the state's economic growth has beaten all other regions across Australia with no signs of slowing down.
Treasurer Tim Nicholls said the state government is delivering on promises to supercharge the economy. Queensland had the strongest growth over the 12 months ending September 2013, increasing by 4.1 per cent over this period. In comparison, the rest of Australia only rose by 1.9 per cent.
"Queensland has now outperformed the rest of Australia for the past 10 quarters straight, showing the state's position as the economic powerhouse of the nation. Export growth was also strong, with a 3.1 per cent increase in exports of goods and services overseas and interstate over the year to September 2013," said Mr Nicholls in a February 27 statement.
The state has outperformed the rest of Australia for the last 10 quarters, which is evidence of the region's overall growth over the last few years and could highlight a great opportunity for future investment in real estate in Surfers Paradise.