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Queensland mining sector set for a boost

The government of Queensland has unveiled the Galilee Basin Development Strategy to boost mining.

The government in Queensland has put forward an initiative to fast track the mining sector in the area.

Its Galilee Basin Development Strategy is hoped to spur investment in the area and create up to 28,000 jobs.

State Premier Campbell Newman said: "My government is unashamedly all about growing the business of Queensland and we will do all we can to facilitate the projects proposed for the Galilee Basin."

Until recently, Australia saw a lot of investment in its mining sector both locally and abroad, which helped to burgeon the country's economy.

Since investment in the industry has slowed, the country has been looking to its property sector to provide growth instead.

With the help of interest rate cuts from the Reserve Bank of Australia, consumer interest in the property market has been on the rise. People both from within Australia and further afield have been looking to invest in properties within the country while housing has been more affordable.

Posted by Craig Francis

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