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Reserve Bank optimistic on the Sunshine State

QLD shrugs off mining downturn as housing investment cools: RBA

“Strength in tourism and other service industries had supported growth in aggregate demand in Queensland.”

The minutes of the latest Reserve Bank of Australia meeting reveal the board is optimistic about economic conditions in the Sunshine State, citing evidence of a recovery from the mining downturn, rising commodity prices and the sustained strength in construction. To uncover the full run down originally published by the Courier Mail/ realestate.com.au click here.

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