Construction sector strength benefits Queensland economy
Queensland has been a standout performer nationally in terms of its economic strength, which has been further emphasised through the latest approvals data.
Figures from the Australian Bureau of Statistics revealed a record breaking number of projects being given the go ahead across the country in December, with Queensland among those leading the charge.
"Record numbers of building approvals have been achieved by Victoria, New South Wales and Queensland supported by domestic and foreign investment, but results are mixed for the other states," said Property Council of Australia's executive director of residential Nick Proud.
This has meant not only has more property in Narangba been constructed, but there's also the increased job opportunities presented by the building industry.
As the economy is given the support it needs, there's every chance that other sectors could soon start to reap the benefits of the construction boom.
If you're hoping to make the most of Queensland's strength at the moment, you will need to get in touch with an experienced real estate agent in Burpengary.
Their unrivalled local knowledge can help you find a property that fits in with your lifestyle, as well as provides access to services and amenities.