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Jan 28, 2019

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 strongest position since mid-2017.

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.

Beyond these South-East Queensland areas, the locations showing most signs of rising are the Fraser Coast, Cairns, Toowoomba and the highly-promising Townsville market, where over $25 billion in new investment is targeted.