Promoted by the South West Queensland Regional Organization of Councils

South West Queensland is larger than the state of Victoria (based on area) and has a population of 24,000, spread over a number of towns and villages. The region has a strong economy, supported by a diversified agricultural industry and a thriving resource sector. The region is well connected with six municipal airports, several national highways, rail and some of the fastest download speeds in regional Australia.

There has been significant underinvestment in residential properties in the Southwest region over the past decade, leading to a local market with high demand and a complete lack of inventory. Vacancy rates of housing in the region range from 0% to 1.7% in the past year, indicating a chronic shortage of housing.1

Maintenance land is plentiful and affordable, costing between $2,000 and $25,000 per block.

Table 1. Serviced residential lots

Local government

Number of available lots

Number of future lots

Balloon

14

38

bulloo

44

0

maranoa

23

400

Murweh

4

0

paroo

23

20

Quilpie

26

66

Total

134

524

Source: Regional Australian Institute (2021)

There is strong demand for housing across the region, coming from local businesses expanding and looking to hire additional staff, as well as a number of government agencies needing housing for their growing workforce. The Queensland Police Force, the Department of Health, the Department of Education and numerous local authorities all have new staffing needs and housing needs for them.

Paroo Shire Mayor Suzette Beresford said: “Council is looking for houses, police are looking for houses, health services are looking too; we all need housing to support our growing workforce.”

A recent survey has shown that there will be a demand for more than 600 new homes in the region over the next three years.2 A variety of homes and different sizes are needed, ranging from 1-2 bedroom homes to 3-4 bedroom homes. Local authorities alone need 42 new homes and have a further 82 requiring significant renovation and/or full redevelopment.

Figure 1. Housing demand, by type (Southwest Queensland)

Source: Regional Australian Institute (2021)

Figure 2. Demand for housing, by type (Southwest Queensland)

Source: Regional Australian Institute (2021)

Over the past 12 months, more than $41 million has been invested in a range of infrastructure projects, including transportation, agriculture, tourism and telecommunications, which will continue to support strong growth going forward.

Mayor Beresford said: “The region has invested significantly in infrastructure and we have a great lifestyle to offer everyone.”

Now is a good time to explore investment opportunities for homes in Southwest Queensland.

For more information about Southwest Queensland, visit www.swqroc.com.au.

Top Suburbs: Spearwood, West Rockhampton, Balga, Cardiff South, Gladesville

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