2013 November Australian Economy and Interest Rate

The Australian economy continues to grow and expand, although at a more controlled pace than in the past. America is starting to recover and Europe appears to have avoided the catastrophes that were being forecast. The American and European markets still have a long way to go before they are fully recovered but at least they are heading in the right direction.

China's economy continues to grow but at a more controlled rate in line with the government requirements. This has meant that our resources are not receiving the huge demand that they were previously, but rather a more controlled and steadier demand. A price for resources has reduced, but demand is still strong with new iron ore mines still opening both in Queensland and Western Australia. The improved confidence in the Australian Economy has created a flow on to other areas of the economy with both share values and property values again on the increase.

Queensland is shaping up to be a very attractive proposition for property investors. The Real Estate Market in Queensland has been depressed for a number of years and for a variety of reasons all of which are behind it now. In other states the property market has been expanding more rapidly leaving Queensland behind. That lag in prices has to be brought back to the normal levels. Rents have still been rising meaning that there are numerous properties in Queensland available that will give the investor a positive return on their investment from day one.