Queensland is the second largest and third-most populous state in Australia. Queensland is projected to experience the largest increase in population between 2004 and 2051, increasing by 3.0 million people (77%) to reach 6.9 million, resulting in Queensland replacing Victoria as Australia’s second most populous state in 2041. Queensland, unlike other states across Australia, has a distribute population across many major cities such as the Gold Coast, Hervey Bay, Sunshine Coast, Cairns, South East Queensland region and Townsville to name a few.
Queensland has many locations with good prospects for growth this year and beyond. Brisbane, after two difficult years, is poised to return to growth, with strength across a variety of market sectors. But the most exciting prospects are in the regions, boosted by two distinct economic sectors; mining and tourism. Queensland regional centres are set to continue to achieve long term real estate growth on the back of the resources sector with also coastal centres set to resume an increase in property prices with the tourism sector showing strong signs of recovery. Some of these locations are also being boosted by proactive council policies to encourage construction and there is further impetus from new infrastructure development.
Queensland has been recognised for its vast resources and world-class mining expertise and is a global leader in such areas as the export of coal and other raw and refined commodities.
The Queensland and Australian Government are pro-actively reinvesting in the infrastructure required for an expanding population and growing economy with ongoing upgrades to both hard and soft infrastructure such as transport, energy, water, telecommunications, innovation, research and development all pivotal in ensure the growth of a knowledge-based economy.
Queensland Government’s Infrastructure plan
Over 230 infrastructure developments or upgrade projects to be completed over the next two decades
Approximately $28 billion will be spent on road and public transport projects
Approximately $5 billion in social and community infrastructure
Approximately $4 billion on energy networks
Approximately $5 billion on water infrastructure projects
Current Drivers
Queensland’s economic growth rate of 3.8 per cent is 35 per cent higher than the Australian average
Queensland’s population growth rate of 1.9 per cent is 46 per cent higher than the Australian average
Queensland’s employment growth is 38 per cent higher than the Australian average
More than 25,000 people move to Queensland annually
Queensland will become Australia’s second largest state within the next 30 years
