New infrastructure, a solid regional economy and strong job market will help Mackay survive an economic recession, and will keep the town's position as one of Queensland's property hot spots, according to planners.

Narelle Pearse, CEO of the Mackay-Whitsunday Regional Economic Development Corporation (REDC), said the north Queensland town was "faring well" in the current economic climate.

"While we're feeling some effects, we're quite sheltered due to the huge resource base in our economy, being coal," Pearse said.

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Posted by boyang at November 12, 2008 3:48 AM