The latest Property Council of Australia – ANZ Property Industry Confidence Survey has indicated that Queensland's real estate sector is the most confident in the country, with the potential for further growth in the near future.
This could be a great indicator for anyone looking into purchasing Surfers Paradise property, whether it's for investment or occupation purposes.
There was a 10 point surge in confidence for the March 2014 quarter – rising from 142 up to 152 – with the next closest state being New South Wales, which has a confidence index level of just 147.
Premier Campbell Newman said the result shows the state's continued commitment to expansion and economic growth, highlighting the capacity for business in Queensland.
This was echoed by Acting Treasurer John McVeigh, who said the survey also indicated that Queensland has the highest expectation for economic growth in the coming 12 months.
"There’s been a marked change over the last six months in the property sector’s confidence in economic growth," said Mr McVeigh in a January 16 statement.
"Planned property construction for the March quarter has also surged ahead, particularly for the residential sector."
This could offer a fantastic investment opportunity for rentals in Surfers Paradise, with the impending population boom expected to push up demand for housing across the state.