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ABS: Queensland Economy Best in Country

By Andrew Bell

Anyone looking to purchase real estate in Surfers Paradise and settle in Queensland will be pleased to hear that the Sunshine State boasts the country's strongest economy.

Tim Nicholls, treasurer and minister for trade, cited figures from the Australian Bureau of Statistics (ABS) and said Queensland was a fantastic place to invest in due to having the best performing state economy in Australia.

He pointed out one of the highlights of the ABS' findings, which showed that Queensland's State Final Demand (SFD) increased by 0.6 per cent in trend terms.

This contributed to a 2.5 per cent growth over the year, which was far superior to the nationwide trend, according to Mr Nicholls.

"That's compared to a national yearly result of 0.8 per cent," he said in a September 4 media release.

"The data also confirms that Queensland outperformed every other Australian state last financial year."

In addition to a high SFD, Queensland also posted strong results in employment growth, with the employment level in the state stable or growing over the 10 months to July 2013.

Housing affordability in the state also earned positive marks, with Brisbane being the most affordable mainland capital in the country.

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