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“Mt Isa remains in the doldrums,’’ he said. “Suburbs like Menzies, Pioneer and Mile End struggle to make a single sale per quarter.’’ The third Queensland entrant was a bit broader “selected resources towns in Queensland’’. Mr Ryder didn’t just pinpoint one, he said there still remained some small town markets which were deeply in decline. “They include south western towns like Roma, Miles and Wandoan and central Queensland towns such as Clermont and Collinsville,’’ he said. In New South Wales, Parramatta was a danger market. Mr Ryder said the area had good growth drivers and infrastructure, plus jobs nodes, but was bought down by oversupply at a time of falling demand. Sydney’s inner south unit market was also on the list. It has experienced steep drops in sales numbers. This included Mascot, Wolli Creek, Waterloo and Zetland. The Sydney Olympic Park precinct made the list and was described as one of the weakest markets in Sydney. “It is marked not only by declining rates of sale but by the highest vacancy rates in the Sydney metropolitan area,’’ the report said.
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