Queensland is the third most populace state in Australia with 3.2 million people and is the fastest growing.

The Queensland economy is increasingly driven by tourism, evolving away from agricultural based activity. Rapid population growth is creating many opportunities in land sub-division and property development as well as fuelling domestic demand for a range of products and services.

The Brisbane commercial office market contains over 1.5 million sqm of modern office space.

Industrial activity is dominated by warehousing functions. Brisbane industrial investments can be obtained on yields of 9.25-10% with values of under A$1000 per square metre of building area.

Retailing in Queensland is concentrated in both large scale shopping centres and neighbourhood centres are  prevalent, with a total of over 120 retail centres.  The average neighbourhood centre is approximately 5000 square metres, while in regional centres they can be anywhere between 17,000 & 35,000 square metres.

The development and trading of Hotel & Leisure property is a very important aspect of the Queensland real estate market. Average room takings are lower than in either Sydney or Melbourne but occupancy levels are consistently higher. Development stretches right along the Queensland coast concentrated on the Gold Coast (south of Brisbane), the Sunshine Coast (north of Brisbane), Cairns, and Townsville.

The Residential housing market in Brisbane and throughout south-east Queensland experiences strong demand from internal migration from other parts of Australia. The median house price is over $150,000 is good value and is the fourth highest of Australia's major cities.

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