Brisbane Line helps define Australian economy
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Friday, 03 February 2012 |
 Demand for Brisbane investment property may be buoyed by the news that the value of projects below the so-called Brisbane Line are helping to keep the Australian economy afloat.
A report from Deloitte shows that the majority of recent growth has centred on definite projects, which reached a value of $415.4 billion in December.
This marks a rise of 2.1 per cent compared to the September quarter and a considerable increase of 43 per cent over the past year.
Deloitte indicated that the area north and west of the Brisbane Line accounts for just 20 per cent of Australia's employment, while 46 per cent of investment is in this area.
The value of projects that are currently underway is essential to protect against global slowdown in 2012, as the group reveals that engineering construction activity accounted for all the growth in Australia's economy during the September quarter of last year.
Additional data from Deloitte shows that the Australian mortgage marketplace totals in excess of $1.2 trillion of lending to households.
However, it predicts that lending and regulatory standards will be put under close scrutiny in the coming years, while older generations are likely to be downsizing.
Posted by Tyler Wyndham
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