Rising commercial construction nationwide offers property incentive
One of the main things to look for in a local community when consider buying property is the growth of infrastructure and the economy. After all, no one wants to settle into a town or city with no prospects of development and progress in the future.
However, the latest release from Master Builders Australia (MBA) offers some insight into the recovering commercial construction market, which is beginning to pick up across the nation following the global financial crisis.
This could lead to great things for residential property investors, as a pick up in commercial building could lead to more jobs and benefits being injected in the local economy.
MBA chief economist Peter Jones said commercial building has moved into positive territory for the first time in five years over the last quarter, which could be great news for those interested in buying real estate in Burpengary.
"For the second consecutive quarter the survey shows improvement in the current business conditions of commercial builders while the index measuring expectations of future activity also rose sharply," said Mr Jones in a 21 October statement.
This was reinforced by the CommSec's October State of the States report, which illustrated high levels of business investment, economic growth and construction work across the Sunshine State over the last quarter.
With these figures indicating the rising strength of Queensland, now could be a great time to consider purchasing Burpengary real estate.