If you're an investor interested in moving into Queensland's property market, it could be worth considering the construction of your own Caboolture real estate.
The building industry is a strong part of the state's economy, with new Australian Bureau of Statistics figures highlighting that new home construction in Queensland rose by 27.2 per cent over the March quarter.
Furthermore, medium to high density construction results are currently 16.1 per cent higher than 12 moths prior. Treasurer Curtis Pitt said that upwards movement is always welcome in these industries, especially following lacklustre growth over the last few years.
"Trends in dwelling approvals, along with recent information on the value of housing work yet-to-be-done suggest that strength in Queensland's dwelling sector is likely to continue, particularly in medium to high density housing," said Mr Pitt in a 27 May statement.
Mr Pitt went on to say he hoped these industry developments would begin to steady out, becoming a more long term and sustainable fixture of the state.
Organising your own construction projects in Queensland could be a great investment avenue to consider. Get in touch with a local real estate agent to begin discussing the options available in the Caboolture region.