STATE LEADS THE WAY IN BUSINESS INVESTMENT

Written on the 2 February 2012

STATE LEADS THE WAY IN BUSINESS INVESTMENT

THE Sunshine State has recorded the highest levels of investment across the nation according to a new study.

The Deloitte Access Economics December Investment Monitor report shows there are $96.1 billion of projects underway in Queensland. Broader investment projects in Queensland reached an historic high of $187.9 billion, up $4.1 billion on the previous quarter.

Deputy Premier Andrew Fraser perceives the results as proof that investment in Queensland is ‘booming’.

"As we outlined in the mid-year review, business investment in Queensland is expected to rise by around 35 per cent in 2011-12, stronger than the 27.75 per cent growth forecast at Budget time," says Fraser.

"On top of the news that we'll be delivering a budget surplus one year earlier than previously predicted … (the) report shows that the Queensland economy does have a lot to look forward to."

The report also suggests Queensland and Western Australia continue to dominate the project investment landscape, with WA recording the second highest value of projects at $89.5 billion.
"New South Wales and Victoria expect to grow by just over 2 per cent, while Queensland and WA are both in the '4 per cent-plus' club," says Fraser.

"Because of this heavy-lifting, Australia is regarded as a stand-out performer on the international stage in the face of the fallout from the European (debt) crisis.”


Latest News

CROWN EMPLOYEES CONVICTED, JASON O'CONNOR TO SPEND 10 MONTHS IN JAIL

CROWN Resorts (ASX: CWN) employees who were arrested in October last year on suspicion of gambling offences have b...

QUICK TURNAROUND FOR $20 MILLION OFFICE IN MELBOURNE OUTER-EAST

AN office building in Melbourne's outer eastern suburb of Mount Waverley has sold for $20.5 million just two year...

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

Related News

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

CHINESE TECH FIRM LOOKS TO AUSTRALIA FOR 'CUTTING EDGE' IDEAS

CHINESE ed-tech company Retech Technologies (ASX: RTE) has listed on the ASX after raising $17.9 million from its IPO...

COLLINS FOODS GOBBLES UP MORE AUSSIE KFC STORES

COLLINS Foods Limited (ASX: CKF) has purchased 28 KFC restaurants from Yum! Brands Inc for $110.2 million, adding fur...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter