When the time comes for you to move house, there are several factors you're likely to weigh up to ensure you're making the right decision.
Knowing the area you're moving to has a strong local economy can be a real benefit, as this has a bearing on all aspects of your life from finding a job to being able to get onto the property ladder.
If like many people you've got your eye on rental property in Balmoral at the moment, you should be glad to hear that the Queensland economy is performing pretty well.
The latest CommSec State of the States report shows business investment is especially strong in the region, so if you've got an entrepreneurial spirit this could be a good sign.
There's also been a rise in construction work throughout Queensland and, since it's been identified as one of the four pillars of the economy, this should give reason for optimism.
In fact, construction work completed in the state is now 34.9 per cent higher than the decade average.
Should you ever decide to move out of your rental property and buy real estate of your own then dwelling commencement statistics in Queensland should offer you some reassurance.
Starts in Queensland are now 17.3 per cent higher than a year ago, mainly as a result of population growth and access to housing finance.