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Property helps drive economic growth

By James Brown

Extra efforts need to be made to give the property sector the support it needs, especially if the economy is to be able to survive in the wake of the resources boom coming to an end.

This is according to results of the latest quarterly ANZ/Property Council Survey, which highlight just how important the industry is to Australia's overall survival.

Not only does the sector employ 1.3 million Australians, it also accounts for around 12.5 per cent of gross domestic product.

Chief executive of the Property Council Ken Morrison commented: "Outside of property, there is no other industry in a position to step up and drive economic growth the way we can – and are already.

"We will be campaigning hard this year to ensure that meaningful tax reform is finally achieved, key infrastructure is progressed and housing affordability is properly addressed."

Helping you onto the property ladder

If you have still yet to purchase property in Burpengary, then you could find that now is as good a time as any to do it.

The property market is thriving, which means prices are likely to rise and could leave you waiting for longer to make those all-important first steps onto the ladder.

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