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Reports Highlight the Rising Strength of Queensland’s Economy

Queensland's economy is still tracking well in comparison to the rest of Australia, highlighting the potential strength of investment in Bulimba real estate. Two recent reports have placed the state in a strong position, which Treasurer Tim Nicholls said illustrates the region's fantastic level of growth. 

Both the CommSec State of the States report and the Deloitte Access Economics Business Outlook indicate the overarching economic strength of the state, with much of this centred on the capital city. 

Speaking about the CommSec report, Mr Nicholls said that Queensland experienced one of the strongest rates of economic growth in the country  – beaten only by Western Australia

"Queensland's [overall economic] growth is 18.6 per cent higher than the decade-long average," said Mr Nicholls in an April 28 statement. 

"Before the Newman government's election Queensland was the worst performing state on dwelling starts, which were down around 30 per cent on our 10-year average. Dwelling starts have since moved up into positive territory and Queensland is climbing its way up the rankings." 

With the developing economy expected to continue well into the coming months, these circumstances present a fantastic environment for investment in Brisbane. Now could be the right time to investigate houses for sale in Bulimba, in order to start – or expand – your property portfolio. 

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