1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Queensland's mining industry surges ahead

June 25, 2012

Queensland's resource sector is rivalling the booming mining industry in Western Australia, with the latest Australian Bureau of Statistics (ABS) showing the sunshine state continues to enjoy record economic growth.

The employment industry in resource-rich Queensland is thriving with a 21 per cent increase in mining jobs since May 2011.

Some of the 72,400 people directly employed in the mining industry may be attracted to buying residential property in the lucrative sunshine state, which shows no sign of slowing down economically.

Buying a house in Queensland may be appealing, with the latest statistics showing that on top of the booming employment sector, capital investment in the state had surged ahead by 250 per cent.

Natural resources and mines minister Andrew Cripps said: "The ABS statistics show that private capital investment in the mining sector for the year to 31 May 2012 was a new record of almost $21.7 billion."

Mr Cripps said that the industry had become the driving force of the state's economy with almost 300,000 people indirectly employed full-time as a result of it.

"This equates to more than 17 per cent of Queensland's full-time workforce, or better than one job in every six," he explained.



Related Articles

Former industrial precincts to become residential hubs

The New South Wales government has announced plans to turn two former industrial areas in north ...
read more

Perth city budget raises fees but aims to revitalise city

The City of Perth budget for 2014/15 was passed on June 25, setting the stage for the ...
read more

Plans in motion for 'Brisbane's backyard'

Walkabout Creek will see a $2.5 million investment from the Queensland government, according ...
read more

Latest Articles

Increased construction figures across New South Wales highlight investment strength

Buyers looking for a great area to consider land investment and property construction in the near ...
read more

Regional Victorian home values increase significantly during last 12 months

Regional Victoria has seen house prices rise again during the last quarter, with new data ...
read more

RP Data: Quarterly rental data highlight slowing capital market

Owners of investment property could be interest to see the latest statistics from RP Data, with the ...
read more