In a historic shift, the Liberal National Party (LNP) has secured the seat of Mackay for the first time in over a century, marking a major change for the local political landscape. This win aligns with the state outcome, where David Crisafulli's LNP government triumphed over Steven Miles, ushering in a new era for Queensland. For Mackay's business community, these changes could mean renewed focus on regional development, support for industries like mining and agriculture, and potential benefits for local small businesses.

On the state level, Premier Crisafulli’s plans include reassessing infrastructure projects, including those linked to the 2032 Olympics. Such initiatives could create opportunities for regional centres like Mackay, potentially benefiting local contractors and service providers.

Globally, the re-election of Donald Trump adds a new layer of complexity. His administration’s stance on trade and international relations could influence commodity prices, directly impacting Mackay's mining sector. Trade policies and tariffs may shift demand for local resources, impacting both the economic landscape and jobs in our community.

As we look ahead, Australia’s unemployment numbers, expected early in 2025, may hold the key to a potential rate cut. Economic realities are such that higher unemployment increases the chance of a rate cut, as demand weakens. Ideally, low inflation and low unemployment coexist, but balancing the two is a significant challenge for governments and the Reserve Bank. Lower rates might mean job losses, while steady rates rely on stable employment.

In Mackay, southern buyer interest remains at all-time highs, with strong local interest as well, and a steady supply of stock coming onto the market. This balance signals a healthy market for now. Yet, with both local and global dynamics at play, it’s worth keeping an eye on economic indicators that could impact our community in the year ahead.