ParkTrent Properties Group

Home owners and property investors have watched the big four banks with disgust this week as interest rates on variable home loans have risen despite the Reserve Bank of Australia’s (RBA) decision to leave the cash rate on hold at 4.25% when it met on February 7.

Australia has ranked 5th in the world for capital growth in the recent Global House Price Survey.The Economist’s global property report analyses the change in property prices in 20 property markets around the world. Prices are compared over a 12 month period and also since 2007 to gauge the impact of the global financial crisis (GFC).

Coomera is situated in one of the fastest growing regions of South East Queensland. With the key combination of development spending, population growth and employment opportunities.

Investors across Australia experienced the benefit of increased rental income over 2011. In the last quarter of 2011 median weekly rents increased in all capital cities, with the exception of Hobart. Rental income from apartments increased slightly more than from houses with a preference for units close to central business districts.

Queensland is currently experiencing a mining boom. According to the Department of Education, Employment and Workplace Relations, mining will create 69,200 jobs over the next 5 years and ABS figures show 30% of these will be in Queensland.