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Strengthening Queensland Economy Good For Investment

By Andrew Bell

The latest State of the States report from CommSec has indicated that Queensland is currently gearing up to be one of the strongest economies, which could be great news for anyone interested in purchasing rentals in Surfers Paradise.

Premier Campbell Newman indicated that the state was entering a period of financial strength, as the region's economic growth was up by 4.2 per cent from the same time last year.

"Queensland is leading the way in business investment, with spending in the September quarter almost 27 per cent above decade-average levels," said Mr Newman in a January 20 statement.

"Meanwhile, improvements in the housing sector and increased retail and tourism spending mean more jobs are being created across the state."

This could provide an incentive to consider the Sunshine State as the next place for property investment, especially with this growth expected to continue well into the future.

Acting Treasurer John McVeigh stated that there are millions of dollars worth of investment projects from a number of sources expected to take off in the near future – providing jobs and support for the growing population.

"We've cut red tape, streamlined approval processes and made it easier for business to interact with government," said Mr McVeigh in a January 20 statement.

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