Dr Sacha Reid of property advice company DTZ said research conducted exclusively for The Courier-Mail revealed the Sunshine State had a bevy of property hot spots, including Ipswich, near Brisbane and Townsville.
Dr Reid said despite economic uncertainty throughout Australia, she had analysed a series of data, including median house values, population growth forecasts, planned infrastructure developments and employment opportunities to come up with the state's best investment locations.
"Fundamentally, Queensland property remains strong even though concern and uncertainty are affecting much of the property sector at the moment," Dr Reid said.
"Most of these concerns have focused on the consequence of global economic conditions, high domestic inflation, consecutive interest rate rises and affordability."
Her picks included the Springfield/Ripley/Ipswich region, west of Brisbane.
Dr Reid said the area remained relatively affordable, with median house prices ranging from $325,000 to $375,000, while the area's population was forecast to grow by 4.1 per cent a year over the next five years.
Planned infrastructure projects include the creation of the Springfield town centre where a million square metres of space has already been approved for development.
The existing Orion Shopping Centre at Springfield also is under expansion, with another 65,000sq m of retail space being added.
Dr Reid said overall the activity in the area could potentially create up to 50,000 new jobs.
Similarly, Dr Reid tipped Beaudesert as an area ripe for property investment with the local population expected to grow by 3.7 per cent a year over the next five years.
It is proposed the area will become a State Development Area for the new Scenic Rim region.
"The potential of the SDA is thousands of jobs and hundreds of millions of dollars of investment," Dr Reid said.
Other areas selected by Dr Reid as standout investment spots include Hervey Bay, Caboolture, Townsville/Thuringowa, Gladstone/Calliope and Brisbane suburbs Chermside, Nundah and Milton.
Dr Reid said that despite the forecast for future growth in these centres, housing affordability continued to be a problem for Queensland home buyers.
"Housing affordability in Queensland has declined significantly over the last five years, never more evident than the March 2008 quarter where affordability in Brisbane declined by 15.2 per cent and regional Queensland by 3.5 per cent," she said.
However she said capital value growth had continued to improve over the past four years. "While a steadying of this growth will occur this year in response to economic conditions, it is expected that growth will continue to be positive."
