A local property developer says the Federal Government's concession on the proposed super profits mining tax is likely to improve investor confidence in mining regions.

Scott Braithwaite from JD Dodds said that investors were spooked by the tax, which resulted in a softening of activity on the property market in centres like Moranbah. But he said that things have improved since a deal was struck with the three biggest mining companies.

He said that investors do not appear concerned about the outcome of this month's election. He said that "I don't think that's going to make a hell of a lot of difference in the short term. I think there's a lot of confidence and what does underpin this market is employment.”

He added that "Judging by the billions of dollars of projected projects ahead, I think that can only help to strengthen this market."

(Sourced from ABC.net)