Queensland leading growth
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Queensland leading growth

By Staff Reporter

Queensland is outperforming the rest of Australia across a range of economic indicators, according to ABS data.

Lending finance data from the Australian Bureau of Statistics (ABS) showed a 6.9 per cent increase on the same period last year, indicating that investor activity in the Queensland housing market has significantly improved.

Over the March quarter, gross state product was up 1.4 per cent quarterly and 3.6 per cent annually, while the remainder of Australia is up 0.4 per cent quarterly and 2.4 per cent annually.

Treasurer Tim Nicholls said other economic indicators also showed strength.

Business investment over the year in Queensland is up 12.4 per cent compared to the rest of Australia, which experienced a 5.6 per cent decline.
Meanwhile, household consumption in Queensland also strengthened, Mr Nicholls said.

“The fact that Queensland is outperforming the rest of Australia across a range of economic indicators and measures is a further sign our plan to grow a four-pillared economy is working,” he said.

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Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
SOLDIERS POINT 48.92%
2.
BLUE BAY 43.96%
3.
BERKELEY VALE 42.74%
4.
LEMON TREE PASSAGE 42.55%
5.
NORTH NARRABEEN 40.19%
Queensland leading growth
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