CommSec has just released its quarterly State of the States report, and the results are great news for anyone who has invested in Bulimba real estate.
Queensland has experienced a jump in the rankings and is now sitting at equal fourth place out of the states and territories. The rise in standings is due to improvements in housing finance, dwelling starts, unemployment and business investment.
Anyone looking to make the move to Queensland will be pleased to know the state performed especially well in the business investment, economic growth, retail trade and construction work categories. This suggests a strengthening economy in the sunshine state.
The rate of overall new construction work completed in Queensland is up 45 per cent on its decade average.
Now that the uncertainty of the federal elections has cleared, all eight states and territories should experience economic growth. A slowdown in mining investment may affect some regions, however this is likely to be offset by an increase in residential building.
Areas expected to benefit the most from a lift in home construction include NSW, WA, the ACT and Queensland.
Anyone wanting to benefit from the positive real estate conditions is invited to contact Ray White Bulimba for expert advice.