Queensland brightens up for success
A $23.7 million electricity substation is expected to revitalise the Sunshine Coast region, which could be a boon for those with home mortgages in the area.
The station will be located at Birtinya, which is around 96 km north of Brisbane. It will power the new medical precinct and hospital in the Sunshine Coast - a massive local infrastructure boost.
"This new 60 megawatt substation will not only provide power to the new hospitals and medical hub, but in the future it will also supply neighbouring suburbs for the next generation of Sunshine Coast families," explained Energy Minister Mark McArdle in a July 10 statement.
Mr McArdle explained that the new facility will be "world class", providing treatment to 10,000 Sunshine Coast patients who would otherwise have to travel to Brisbane to obtain a particular level of healthcare.
Work is now underway, with the development expected to create over 11,000 jobs during the construction process. When the Sunshine Coast University Hospital is completed in 2016, 3,500 positions will open up to those working in the healthcare industry.
According to Mr McArdle, the project shows Queensland is set for a bright future - news that existing and potential homeowners will be pleased by. With affordable fixed home loans on offer, now could well be the time to buy property - or upgrade - in Birtinya.
Meanwhile, Queensland as a whole is performing well when it comes to employment growth - great news for those settling down in the Sunshine State.
The state accounted for almost two-thirds (65 per cent) of new jobs over the last year, according to Australian Bureau of Statistics figures released on July 10.
"More than half of all jobs created in the last 12 months, on both trend and seasonally adjusted measures, were created right here in Queensland," Treasurer Tim Nicholls stated in a July 10 statement.
"Today's result again shows the government's plan to grow the economy and make it easier to do business in Queensland is working."
Image credit: Chris Lofqvist