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Strengthening Queensland Economy Could Encourage Investment

By Larry Malan

Queensland has proven itself to be a great region for investment, with the latest CommSec State of the States report indicating the economy has the fastest growing rate across the nation – cementing its place as a great place to invest in the future.

This could be good news for anyone interested in purchasing investment residential property in the Gold Coast in the coming months.

Premier Campbell Newman said economic growth had increased by 4.2 per cent over the last 12 months, with a number of new initiatives helping to provide fuel for the rapidly growing state economy.

"Queensland is leading the way in business investment, with spending in the September quarter almost 27 per cent above decade-average levels," said Mr Newman in a January 20 statement.

"Meanwhile, improvements in the housing sector and increased retail and tourism spending mean more jobs are being created across the state."

Furthermore, Acting Treasurer John McVeigh highlighted the reduction of red tape and an increasingly streamlined approval process across the state being a great way to help stimulate future development.

This could highlight an encouraging environment to purchase Gold Coast real estate, expanding your property portfolio and securing a foothold in the growing state.

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