Moreton Bay’s economy goes from strength to strength
If you were looking for yet another reason to relocate to real estate in Burpengary, then look no further than the Australian Local Government Association's 2015-16 State of the Regions Report. The group has named the Moreton Bay region as the number one economy in the entire state, while it ranked 14 out of the 67 regions across Australia.
"We have excellent employment rates and reasonable housing affordability compared to other parts of the state – so more and more people are moving into the region; and the availability of land here means new commercial developments are springing up everywhere," explained Moreton Bay region mayor Allan Sutherland.
He revealed that there is every reason for more optimism, as the Moreton Bay Rail Link is just around the corner, and confidence in the region is currently at an all-time high. More than 12,300 jobs have been created in the area over the past 12 months, and there are high hopes that this will only continue.
Sustainable growth will be on the council's agenda moving forward, so the region will need to expand at a sustainable rate in order to maintain this current momentum. As more people move into Burpengary property and other parts of the area, there will be every need for more facilities and infrastructure to be put in place.
It was announced earlier this month that Moreton Bay Regional Council's latest budget will focus heavily on creating jobs and infrastructure that will deliver value for local residents. For example, a commitment has been made to spend more than $93million on improving and renewing roads in the region.
Among the links that has been earmarked for redevelopment is Burpengary Road, which will provide some relief for commuters and others who regularly use the popular route.