That’s the assessment given by respected property author and analyst, Terry Ryder.

Mr Ryder, who owns and sustains the Hot Spotting website (www.hotspotting.com.au) identified the Towers because of the “revival of the major gold mining operations, strong local tourism, rural and education industries”.

Charters Towers made the list of top 12 boom towns throughout Australia and was one of just two Queensland towns on the list, the other being Wandoan.

Mr Ryder said he had been tracking Charters Towers for a while now and said the resurgence of the gold mining in the region was cream on top of an already stable business base.

“Charters Towers is a place that has had an existence before and after the mining boom, so it’s very important to have that to underpin the economy,” Mr Ryder said.

The new National Top 12 Boom Town Hotspots research report identifies the standout boom towns across the country with the potential to explode into the next real estate investment hotspots.

“They also have the advantage of offering affordable houses because these are locations where prices have not yet exploded - but are likely to in the near future,” he said.

*Full story in this week’s North Queensland Register, out Thursday.