As Australia’s fastest-growing state and a resource sector powerhouse, Queensland outputs a fifth of Australia’s GDP, backboned by some of the country’s largest mining infrastructure projects and strong agriculture and tourism sectors.
A lower Australian dollar, rising Chinese middle class and rapidly growing influx of tourists, the upcoming 2018 world class sporting event and thriving university education sector are going to drive investment throughout the region.
The state’s property market has picked up significantly more momentum than the southern capitals of Sydney and Melbourne and will deliver above average growth for the next five years at least.
Queensland’s growth is focused around the south east, a thriving mixed-use region encompassing the Gold Coast, Brisbane and fast-emerging satellite cites such as Ipswich and Beaudesert.
The star of south east Queensland growth remains the Gold Coast. The city is now the fastest-growing region in Australia, with a rapidly-increasing population and a shortage of housing. Its northern growth corridor is proving a boon for residential property investors.