Rising Queensland Economy Highlights Investment Potential
Two new studies have highlighted the economic strength of Queensland, illustrating the state's existence as one of the strongest regions in Australia. Now could be the perfect time to secure real estate in Surfers Paradise, in order to set up rental investments ahead of future growth.
The latest CommSec State of the States report indicated the state has had the second largest economic growth, just behind Western Australia. Furthermore, the region's overall growth is now 18.6 per cent higher than the decade-long average in the area.
Furthermore, Treasurer Tim Nicholls said the State of the States report pointed out a growing property sector as well, which could be great news for anyone interested in selling their Main Beach real estate.
He went on to say the latest Deloitte Access Economic Business Outlook also illustrated a growing degree of both housing and retail spending.
"The report notes that Queensland will outperform the rest of the nation on both of these important indicators. It also confirms that Queensland will have the fastest growing state economy by 2014-15 and that we are the only state where engineering construction spending is rising," said Mr Nicholls in an April 28 statement.