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.
Queensland has expanded activities in the minerals and coal sectors and new Liquefied Natural Gas (LNG) ventures are adding to the boom. Australia has eight LNG mines under development and, according to Bank of America Corp, of the six new LNG ventures approved globally in 2011, five are Australian.
Figures from the Office of Economic and Statistical Research show more than half the mine workers in Central Queensland reside on the Capricorn Coast or in Rockhampton suggesting the Fly-In/Fly-Out and Drive-In / Drive-Out workforce is reaping huge pay packets at the mines and enjoying the idyllic lifestyle on the coast.
The Real Estate Institute of Queensland says mining activity has pushed median house prices up. Rental prices have also skyrocketed with a standard house in central Queensland attracting $1800 a week in rent.
Property investors are reaping capital gains and high rental yield by strategically securing property in this market. House and Land packages are currently available at beautiful Zilzie Bay on the Capricorn Coast. Located near Rockhampton, Zilzie Bay offers a wonderful lifestyle for families and an easy commute to the mines - all with the magnificent backdrop of Great Keppel Island.
To find out how you can take advantage of Queensland's mining boom, Contact ParkTrent today by emailing contact@parktrent.com.au or call 1800 652 224. We can also arrange for a property investment consultation with one of our Property Investment specialists, free of charge at a time that suits you.
