Anyone with an interest in Gold Coast real estate will be pleased to know the sector is strengthening.
This is according to the recently released State of the States report, by CommSec, which shows Queensland's economy has improved across the board since the last quarter. The state now sits at equal fourth place, out of all eight states and territories.
If you're looking to move to the sunshine state, the report suggests that now is a great time to do. Over the past quarter Queensland performed particularly well in the categories of economic growth, business investment, construction work and retail trade.
The state also experienced growth in housing finance, dwelling starts, business investment and unemployment, all of which suggests the economy is strengthening.
Across the nation it is expected that all centres will experience an economic lift, however this may be hampered by a slowdown in mining investment in some regions. This is likely to be offset by a lift in residential building, particularly in the areas of WA, NSW, the ACT and Queensland.
Overall, new construction work completed in Queensland has increased by 45 per cent on its decade average.