Exceptional growth has seen Queensland’s mining town’s experience a property boom as demand outweighs supply, driving up the number of sales.
Perfect Investment Opportunities
In 2012, research found that 18 of Queensland’s top 20 suburbs for sales volumes were in mining areas and according to the Reserve Bank Commodity Price Index, the price of non-rural commodities (including iron ore, thermal coal, metallurgical coal, gold, LNG, crude oil and alumina) is up 106%, compared to 2009.
A great time to invest & it’s now!
More than 50% of mining employees in Central Queensland reside on the Capricorn Coast and a standard house in these areas is renting for up to $1,800 a week. That’s at least 3-4 times what you would pay for a townhouse in Brisbane’s CBD!.
High Returns High Demand
Yields are also positive with areas like Cloncurry and Isaac sporting yields of more than 11% and Moranbah with yields as high as 15%. The mining industry is booming and this is only going to continue to grow!
Don’t let this opportunity pass you by. Invest today
Wealth Works Investments can help you find the right property at the right price in the right location We thoroughly research each and every region including site visits. We only sell the highest quality property that will deliver you a good solid investment for years to come. We can even arrange long term corporate leases for up to 3 years and finance options to suit you. Call us on 1300 645 888 to see how we can help make you wealthy.