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

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

BRISBANE WATCH BRAND ADINA AIMS FOR ICONIC

ADINA watches is at a turning point in its history, 45 years after being founded by Robert 'Bob' Menzies i...

WHY YOU SHOULD CARE FOR YOUR BODY AS MUCH AS YOUR BUSINESS

ENTREPRENEURSHIP is a busy business. It can be all-consuming, but it is important not to neglect your health Y...

BULLETS BACK IN THE BUSINESS COMMUNITY

ALTHOUGH new to the current south-east Queensland sporting landscape, the Brisbane Bullets have a rich basketball ...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter