Queensland due a "wave of prosperity"

Queensland experienced a rough start to 2011, with the natural disasters suffered at the beginning on the year contributing to the slowdown in the property market.

But a report by auditing and finance consultancy Deloitte Australia may give those with real estate training something to celebrate.

The special report, titled Deloitte Queensland Index - Gala Edition, features detailed information on the expected performance of the state's top five performing publicly-listed businesses, along with a wealth of other economic indicators.

Predictions include a challenging time for tourism - with a strong Australian dollar proving to be a barrier to international travellers - and strong growth in the mining and resources sector.

What may be of special interest to property conference attendees is the news that the real estate market may be set to recover, with increased spending on housing and property repairs resulting in a "V-shaped rebound in economic growth."

Queensland's treasurer Andrew Fraser said that the report by Deloitte - which includes a forecast economic growth rate of 5.6 per cent - shows that the state's economy has the potential to go "from from a standing start [to] a sprint inside the next six months."