What's On

The Times Real Estate

.

  • Written by ACT Government

Released 01/03/2017

Economic activity in the ACT is growing at one of the fastest rates of any jurisdiction in Australia, according to the latest State Final Demand figures.

The Territory’s State Final Demand increased by 1.6% in the December quarter of 2016, which was the third highest increase in the country. This contributed to a yearly increase in State Final Demand of 7.3% - more than three times higher than the national GDP increase of 2.4%.

Following on from the Territory election, confidence in the ACT is growing – with private investment increasing by 5% in the December quarter of 2016. This contributed to the ACT’s strong economy by producing more jobs outside of the Commonwealth Public Service, and has helped bring our unemployment level to the lowest in the country.

The ACT Government has been working hard to diversify our economy – delivering on a number of commitments we have made to support private investment in our city. This includes securing direct international flights from Canberra – which significantly boosts our tourism sector and supports local businesses looking to export their goods and services internationally.

The ACT Government is also supporting our tertiary education institutions to grow. Organisations like the Australian National University, the University of Canberra and the Canberra Institute of Technology are some of our city’s largest employers, and help attract Australia’s smartest minds to the ACT.  

As a re-elected government, we have a number of reforms and projects that will continue to support the Territory’s economy. This includes the construction of the city-wide light rail network, the completion of the University of Canberra Public Hospital and supporting the growth of our innovation industry.

- Statement ends -

Section: Andrew Barr, MLA | Media Releases

«ACT Government Media Releases | «Minister Media Releases

Read more

About Australia

Hybrid, Pop Top or Hard Top – It's All About The Traveller

If you love hitting the open road and discovering new places to explore, you’ve no doubt considere...

Essential Features to Look for in a Family Caravan

With so many family caravan options available in today’s market, navigating caravan sales can be o...

What You Need to Know Before Taking Caravans Off Road

Exploring the rugged landscapes of Australia with an Australia off road caravan is an adventure li...

7 Reliable Content Writing Services in Rhode Island for Superior SEO Results

To make your website more visible and rank better, focus on creating great content. Content writing ...

Why Does Mental Health Seem to Get Worse as We Get Older?

Ageing has its perks—wisdom, experience, and maybe a bit more self-confidence. But there’s also th...

Preparing for a Chrissy Road Trip? Here’s Your ‘Safety To-Do List’

The holiday season is here and it’s time to get travelling! If there’s one thing Aussies excel at ...

How Clean Is Your Hotel? 5 Red Flags

Cleanliness can make or break your experience when you check into a hotel. While most hotels striv...

5 workouts with experience in mind

Finding a new class or way to workout can sometimes be overwhelming with so many options availab...

How to Prepare for Your First Family Lawyer Meeting: Must-Do and Must-Avoid Tips

1. Introduction Preparing for your initial meeting with a family lawyer is a crucial step that sets...

How to Select the Perfect Blinds for Your Windows

Importance of selecting the right blinds for your windows Are your windows letting in too much li...

Create Your Best Life With These Essential Moves

Many women find themselves feeling stuck in a rut, either professionally or personally, and it can...

Capturing Timeless Moments: Yarra Valley Wedding Photographer

The Yarra Valley, known for its stunning landscapes, picturesque vineyards, and enchanting ambianc...