As read in Mortgage Professional Website
They are some of the areas that have suffered the most since the end of Australia’s resource boom, but there are some signs Queensland’s regional property markets may be on the brink of turning the corner.
The end of the resource boom saw some prices collapse by more than 70% in some areas of regional Queensland, however a recent slowdown in price declines have some thinking the larger regional centres may be ready to stage at least a small comeback.
While it is only the one quarter, the Real Estate Institute of Queensland (REIQ) believes the fact that house price falls in regional centres such as Gladstone (1.4%), Mackay (1.9%) and Toowoomba (1.6%) were relatively small over the first three months of the year may indicate those markets have reached the bottom of their cycles.
REIQ chief executive officer, Antonia Mercorella said there was no doubt the regional markets in Queensland had suffered recently, but she said the time might be right for some cautious optimism.
The regional markets in Queensland are pretty patchy. Since the resources downturn we’ve really seen rising rental vacancy rates, property prices move downward and quite high levels of stock on the market,” Mercorella said.

John can be contacted on 0749722081 or 0410433919. or email him at jwhitten@ihl.net.au or net www.ihl.net.au. John Whitten is a credit representative (CRN 399796) of BLASSA Pty Ltd (Australian Credit Licence No 391237).