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City dwellers with deep pockets enjoy Queensland's outback country lifestyle

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Located a few hours’ drive from Brisbane’s bustling lights, the Southern Downs entice city dwellers with deep pockets looking for a lifestyle change. Key points: Wealthy city dwellers move to the Southern Downs in search of a lifestyle change Proximity to Brisbane and Gold Coast appeals to shoppers Retirees and investors are also taking advantage of the rural lifestyle and lower prices Adrian Dundas and his wife, Nancy, left their life on the Gold Coast and moved inland, pursuing the steady rhythm of regional life. Now calling Warwick home, Mr Dundas said it was the perfect location. “We’re always looking for places to move and/or invest and this is the gem here,” he said. “The environment, the geographical position, how friendly the people are, and how generous they are. The cost of living is also much better here. “It’s a beautiful place, a beautiful place to live.” The vacancy rate in the Southern Downs is 0.1 percent — one of th...

The gold rush era has restarted in outback Queensland after a three-decade hiatus

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The gold rush has resurfaced in northwest Queensland 30 years after being abandoned as mining companies profit from soaring prices for the precious metal. Key points: Exploration and mining has resumed in the gold-rich Cloncurry area of ​​northwestern Queensland The gold industry contributes $23 billion to the Australian economy in 2021 Australia is the world’s second largest gold producer, lagging behind China The Cloncurry region was once home to a thriving gold mining industry, but was almost deserted when gold prices fell below $240 an ounce in 1991. But now, with spot prices more than 10 times higher, the area known as the Golden Mile is starting to come to life, with new players on the field hoping it will once again live up to its reputation. Director of mineral resources advice and promotion at Geoscience Australia, Allison Britt, said gold was seen as a “safe haven” in difficult times. “Gold has been one of the commodities throughout history that has va...