State can cash in on ‘ liv­abil­ity’

Townsville Bulletin - - NEWS - CHAR­LIE PEEL

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.

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