High yields attracting interest in tropical North Queensland

Northern Queensland is synonymous with rainforests, reefs and rugby.

But although you won’t see it mentioned on any tourist brochures, the region is now also becoming recognised for another trait – rental shortages.

As pressure mounts on locals seeking accommodation in cities such as Cairns

and Townsville, with vacancy rates of 0.6 and 0.8 per cent respectively, investors from within and outside Queensland are pouring into the market.

They are…