As an investor, you'll want to buy in an area with a lot of people and employment to get steady tenancies. Fortunately, new data from the Australian Bureau of Statistics has shown more people are getting jobs in Queensland. In fact, the state has been one of the top performers in Australia for job creation over the last year, benefiting owners of Bulimba property investments. [insert manual link]
Treasurer Tim Nicholls said that the government wants to strengthen the economy further by providing much-needed infrastructure. The figures rest at 7,000 jobs in trend terms and 4,400 in seasonally adjusted terms in April alone.
"Today's figures represent 12 months of consecutive trend employment growth in the state and the fastest monthly growth in trend employment in four years," said Mr Nicholls in a May 8 statement.
"They confirm Queensland's position as the top state when it comes to job creation, with more than half of the jobs created nationally both in seasonally adjusted and trend terms over the past 12 months to April generated here."
As the state continue to grow, these figures are set to rise further. As an homebuyer, this gives you strong conditions to invest and expand your portfolio.
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