State can cash in on ‘ livability’
QUEENSLANDERS’ adherence to the motto “work to live, not live to work” is set to play a major role in boosting the state’s economy over the next decade.
A Deloitte report found that livability is a high priority for Queenslanders and could drive the economy by again attracting large numbers of interstate and overseas arrivals envious of a sun- kissed way of life.
Talking up the Sunshine State’s already enviable lifestyle could lead to a more productive economy that is 10 per cent bigger than previously predicted, according to Deloitte’s Confidently Queensland report to be released today.
That would equate to an extra $ 54 billion in the state economy and 230,000 new jobs.
The growth over 10 years would be driven by the yearly arrival of 30,000 new Queenslanders from overseas and interstate.
The report offers a blueprint to success for the state over the next decade.
It argues that attracting new arrivals, diversifying the economy and sharing the dividends of economic growth across the state is the key to a better future for Queensland than current forecasts.
But if business, government and the community do not work to create it, the state will struggle to compete with a changing global economy, Deloitte warns.
Thousands of Queenslanders were surveyed for the report and resoundingly said Queensland was a “lifestyle state”.
In the early 1990s, 50,000 more people were arriving in Queensland than leaving every year.
The report’s co- author, Dr Ric Simes, says that number has dropped to below 10,000 but is rising.
“We determined that Queensland has the potential to be even better than it is today and even greater than current forecasts suggest,” he said.