Real Estate Confidence Highest in Queensland

By Larry Malan

Anyone considering purchasing Gold Coast property in the near future could be interested to hear that Queensland recently topped the latest Property Council of Australia – ANZ Property Industry Confidence Survey.

The state's confidence index for the March 2014 quarter has risen to 152 points, increasing by 10 points since last year and highlighting the growing strength of the Queensland real estate market heading into the new year.

Premier Campbell Newman said this was an encouraging result for the state, which is predicted to experience a strong market for the foreseeable future.

He went on to say that the region's commitment to business growth and expansion would be supportive of the property industry, echoing the predictions of Queensland's growth from late last year.

Acting Treasurer John McVeigh agreed with the statement, highlighting the expectation for business growth over the next 12 months would be a great way for the state to continue developing.

"There’s been a marked change over the last six months in the property sector’s confidence in economic growth. Planned property construction for the March quarter has also surged ahead, particularly for the residential sector," said Mr McVeigh in a January 16 statement.

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