JANUARY to MAY 2019 EDITION OUT NOW!
There are growing signs of recovery in resources-related markets in Queensland, both in sales activity and prices. This, plus steady performance in the larger regional cities, has lifted the sector’s overall performance to its best position since mid-2017.
Regional Queensland markets collectively have improved in the past 12 months: in the past four quarterly surveys of sales activity conducted by Hotspotting, the number of locations with growing demand has increased from 30 to 36 to 40 to 45. The number of growth markets had decreased sharply in the December 2017 survey but showed steady improvement in 2018.
A standout feature is the recovery in mining-related markets which have spent several years in downturn. This trend is headed by Mackay, which now has rising demand coupled with much lower vacancies, and some suburbs are now showing good price growth.
The larger, more diversified regional centres of Queensland have increasingly steady markets. The Gold Coast and the Sunshine Coast are both producing good results, especially the Sunshine Coast which is undoubtedly the strongest of the Queensland markets, including Brisbane. There are 62 Regional Queensland locations with annual price growth above 7% - and almost half of them are in the Sunshine Coast region.
And growth is not restricted to the South-East corner - north Queensland and the Darling Downs have centres that are showing strong property price growth.
Want to find out where?
Buy the Top 5 Queensland Regional Hotspots 2019 report to discover the best places to buy investment properties in Queensland this year.
Regional Queensland - led by Mackay and the Sunshine Coast - was Hotspot of the Week on January 22nd 2019
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