In the (insurance) building industry, which I'm in, the workload is ridiculously busy..?There were encouraging signs in Queensland?s construction industry in particular, which is up 10.7 per cent on our decade average, according to CommSec.
?Meanwhile, the Deloitte Access Economics Business Outlook report for the March quarter 2015 found Queensland has a growth portfolio with housing construction, tourism, foreign education moving up a gear.
?According to the Deloitte report, housing construction in Queensland is rising strongly, and a strong lift in approvals suggests there?s more to come.?
This has led Deloitte Access Economics to up its growth forecast for Queensland from 3.6 per cent to 4.3 per cent in 2015-16.
Jobs. A lot of investors are avoiding OTP Brisbane CBD apartments anyway, and also they are unlikely to compete with say a house 10-20k's out...aimed at totally different markets.Why would anyone want construction to occur? You'd want less supply would you not? Or are you looking at it from a jobs perspective?
I think education is a no brainer.Interesting to see education in that list. Rings true, at least from a tiny pocket of personal experience (in a sense). I work in advertising and look after clients in the Qld market. The universities are all aggressively listing their advertising investment in Queensland, a sign that they are ramping up, possibly linked to increased demand there.
where does the middle start? does greenslopes count as inner cbd?Education and public service jobs growth should help mop up the soon-releasing mass supply of inner city units (hopefully!). I personally don't play in the inner-city Brisbane market. I look at middle and outer ring ones.
That said, I wouldn't mind picking up some of this new stock in say 4-5 years from now, when the stock is a few years old. All of the marketing/off the plan inflated costs would have shed off them by then, yet the depreciation benefits would still be in that golden period (for the first years of that period, anyway)
Hum, I think it just counts as inner. Yeah I'd call it inner.where does the middle start? does greenslopes count as inner cbd?
I'm not comparing suburbs.. I thought we were talking about distances? i.e. inner, middle, outer?You're seriously comparing Logan to Sunnybank? I assume you're from the north side?