SEPTEMBER 2018 to JANUARY 2019 EDITION OUT NOW!
Cities and towns across regional Queensland are showing increasing signs of recovery in their economies, with flow-on impacts for their property markets.
Locations which suffered when the resources investment boom wound down (or were impacted by the growing use of FIFO workers and temporary accommodation camps) have seen a marked drop in vacancies recently and a rise in sales activity.
Meanwhile, regional centres less connected to the resources sector have been rising, thanks to growing spending on infrastructure and diversification of their economies.
A general uplift in the Queensland economy, boosted by revival in the resources sector, and strong gains from inter-state migration are helping to lift local property markets.
Townsville is leading the fightback, helped by a lift in infrastructure spending, its strong military economy and its growing status as an administrative hub for the resources sector. The massive Carmichael mining venture (if it goes ahead) will use Townsville as its HQ and as a source of FIFO workers - and other miners are targeting the North Queensland capital in a similar way.
As always, we urge caution for investors considering investment in areas where the local economy is reliant on the volatile resources sector.
It’s wise always to focus on locations where the economy has diversity. For these reasons, we continue to rate the Sunshine Coast as one of our top picks in regional Queensland.
Overall, regional Queensland has many compelling destinations for property investors, featuring places where vibrant or recovering economies underpin growth property markets – and above-average rental yields are an attraction for investors who have watched yields drop in Sydney and Melbourne.
To discover the best places to buy investment properties in Queensland, get the Top 5 Queensland Regional Hotspots 2018 report.
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