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State of Queensland a “Great Place to Invest”

By Amanda Shannon

New figures from the Australian Bureau of Statistics (ABS) have further reinforced how great a place Queensland is to live, with the state coming out as the best performer in the country.

This is encouraging news for those looking to buy homes for sale in the Gold Coast to live in or as investment properties.

The ABS data showed that Queensland's State Final Demand (SFD) increased by 0.6 per cent in trend terms over the June quarter. This translates into a 2.5 per cent rise over the year ending June, a high figure in comparison to the national year-on-year result of 0.8 per cent. 

South Australia was the only other competing state, also experiencing a 0.6 per cent shift in trend terms.

The Queensland state government has welcomed the ABS results, with Treasurer Tim Nicholls stating that the information proves that the state is a "great place to invest".

"The data also confirms that Queensland outperformed every other Australian state last financial year," said Mr Nicholls.

According to the state government, employment growth in Queensland has been double the national rate in 2013-14, with a stable rise reported over the 10 months to July.

If you would like to secure Broadbeach real estate and enjoy what Queensland has to offer, get in touch with Ray White Broadbeach today.

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