Central Queensland CORONAVIRUS, WHAT CORONAVIRUS?

Why has the Central Queensland property market bucked the trend of most of the Nation?

Both in property sales and rental leases, Central Queensland has seen both strength and stability within the sector but the most impressive is the resilience factor.  I know and accept with empathy that this virus has had a major effect on the local economy, especially the hospitality, tourism and retail sectors.  However, the property sector has seen a resurgence in activity.  Not since over a decade have vacancy rates been around 1%.  Affordability, employment opportunities, lifestyle and most of all family livability are key factors that contribute to the interest in the local property sector.

Then there is the agricultural scene.

The emergence in the Central Queensland beef industry both locally, nationally and the overseas markets has seen some well-deserved financial input into the region.  Employment opportunity initiates economic activity, economic activity sparks property interest both residential and commercial and an increase in property activity activates Government Infrastructure Spending.  Most significantly is the upgrade of the northern carriageway corridor through Parkhurst.

Local agents report that interest in all price brackets of property are active.  In my opinion the region is set for a healthy period.  And I feel that there will be an additional kick when restrictions are further relaxed.

The closer you keep your money the more control you have over it.  Uncertainty in the ASX and the unpredictability of some foreign leaders have seen the local community invest in local markets.  And that is a good thing!

Any queries on the Central Queensland property market Plant, Machinery valuations, Business, Agriculture, Manufacturing, Livestock or Property please do not hesitate contact us.