What the Mackay Waterfront Priority Development Area (PDA) might look like.
What the Mackay Waterfront Priority Development Area (PDA) might look like.

REVIVAL: Mackay named leader of CQ fightback

MACKAY has been named the “leader of the Central Queensland fightback”, featuring in first place on the latest Top 5 Queensland Regional Hotspots report.

The city’s property market, tourism sector and local economy are all experiencing a revival after period in the doldrums caused by the downturn in the resources sector.

While the previous boom in Mackay was heavily driven by the mining sector, Hotspotting.com.au founder Terry Ryder said this time around, the local economy was being bolstered by a diverse range of industries from construction, to logistics, and tourism.

Mackay Mayor Greg Williamson said the report confirmed the positive message business and community leaders have been spreading this year about the region’s resurgence.

He said now was the right time for organisations including Mackay Regional Council, Resource Industry Network and the Mackay Region Chamber of Commerce to join forces to push the message of “coming north”.

Mr Ryder said a surge in the number of major construction projects and the boon of securing the Qantas Pilot Training Academy had renewed confidence in Mackay’s local economy, leading to a drop in rental vacancy rates and a return to growth in property prices and rentals.

“The local economy is carefully gathering impetus on a diversity of industries, not just coal mining,” he said.

“The mining industry remains pertinent; commodity prices and overseas demand have lifted, prompting miners to re-examine their businesses and proceed with expansion plans that were temporarily shelved.

“In anticipation of population growth and increased freight movements, three levels of government are spending serious money on transport and general infrastructure.

“The popular Whitsunday Islands … (are) creating a relaxed water-based lifestyle. This, together with housing affordability and job opportunities, makes Mackay worthy of consideration by investors and first-home buyers.”

Townsville, Rockhampton and Toowoomba also featured on the hotspot report, powered by Ryder Property Research.

The city’s property market, tourism sector and local economy are all experiencing a revival after period in the doldrums caused by the downturn in the resources sector.

While the previous boom in Mackay was heavily driven by the mining sector, Hotspotting.com.au founder Terry Ryder said this time around, the local economy was being bolstered by a diverse range of industries from construction, to logistics, agribusiness and tourism.

Mackay Mayor Greg Williamson said the report confirmed the positive message business and community leaders have been spreading this year about the region’s resurgence.

He said now was the right time for organisations including Mackay Regional Council, Resource Industry Network and the Mackay Region Chamber of Commerce to join forces to push the message of “coming north” to people living in Western Sydney and outer Melbourne suburbs to fill the region’s crippling skills shortage.

Mr Ryder said a surge in the number of major construction projects and the boon of securing the Qantas Pilot Training Academy had renewed confidence in Mackay’s local economy, leading to a drop in rental vacancy rates and a return to growth in property prices and rentals.

“The local economy is carefully gathering impetus on a diversity of industries, not just coal mining,” he said.

“The mining industry remains pertinent; commodity prices and overseas demand have lifted, prompting miners to re-examine their businesses and proceed with expansion plans that were temporarily shelved.

“In anticipation of population growth and increased freight movements, three levels of government are spending serious money on transport and general infrastructure.

“The popular Whitsunday Islands … (are) creating a relaxed water-based lifestyle. This, together with housing affordability and job opportunities, makes Mackay worthy of consideration by investors and first-home buyers.”

Mackay building on its position as a key service hub, the $500 million Mackay Ring Road, the rebuilding of the resort on Lindeman Island and Mackay Priority Development Plan were named as some of the future prospects the region could look forward to.

Cr Williamson said after successfully securing the Qantas academy, the next big challenge for the region was to “get jobs filled, people into houses and capitalising on our leadership position”.

“My message to the people who live in Western Sydney or the northern suburbs of Melbourne is, ‘you should be selling off your house and you should be able to buy in Mackay now for half the price’,” he said.

The Sunshine Coast, Townsville, Rockhampton and Toowoomba also featured on the hotspot report, powered by Ryder Property Research.



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