Strong Economic Growth
Posted
@ Mar 1st 2005 12:41pm
- By GCPN Property Network
Queensland’s strong economic growth is set to be maintained following a sharp upgrade of the budget surplus forecast to $1.1 billion providing Premier Peter Beattie with funds for an extensive infrastructure program to cope with the state’s rapid population growth.
Treasurer Terry Mackenroth has increased his surplus forecast by more than $450 million since the last state budget largely thanks to the resilient housing market. House prices have almost doubled in the past 5 years with a very strong forecast predicted for the next two years ahead
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