Rental vacancy rates are at about 7 per cent.
And today's detailed employment figures suggested that the trouble in the Tropics may have a way to run yet.
Remember monthly original data is volatile, however, so it would pay to consider the trend over a longer period of time than just a few months.
The strongest regional markets this year may include the Gold Coast, which has a number of stars aligning, including the lower dollar and a surge in Chinese tourism.
They also make the projections for a return to a budget surplus look like a comedy of errors.