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Reports Detail Impressive Economic Growth Across Queensland

By James Brown

The latest CommSec State of the States and the Deloitte Access Economics Business Outlook reports have both pointed to the strengthening Queensland economy. These results indicate a building momentum of growth for the state’s economy heading into the future, which could highlight a great opportunity for investment in Caboolture real estate.

Treasurer Tim Nicholls said the result from the State of the States report ranked Queensland second only to Western Australia with regards to the strength of the economy.

“We’re also second only to Western Australia on retail spending and construction work. Queensland’s [overall economic] growth is 18.6 per cent higher than the decade-long average,” said Mr Nicholls in an April 28 statement.

He also said that dwelling starts have moved up into positive territory, aligning with recent figures released about the rising confidence in the construction industry across both Queensland and the nation as a whole.

The Deloitte Access Economic Business Outlook also highlighted the increasing strength of housing, indicating Queensland will dwarf the rest of the nation and become the fastest growing economy by 2014/15.

With the growth rising in Queensland, now could be a great time to consider investigating  property options in Caboolture.

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