Queensland Mining Towns Have Strong Rental Yields

Investors may breathe a sigh of relief today, as mining towns in Queensland have been hailed for having particularly strong rental yields, according to new statistics.

The data, which was published by the Real Estate Institute of Queensland (REIQ) as part of its December quarter gross rental yield report, found that mining regions were among the best-performing areas in the state when it comes to property investment.

Rental yields for real estate in Queensland have jumped by 9.3 per cent in Miles, for example, which is part of the Surat Basin Energy Province - a range that has seen significant expansion, a boom in population and price growth over the past few years.

Elsewhere, the sunshine state's growth suburbs were also high performers when it comes to rental real estate - and investors are jumping on real estate bargains when they can find them. Investor activity in Queensland was ten per cent higher in February compared with the previous month - and REIQ president Anton Kardash says that when it comes to tenant demand, there is no sign that things are slowing down.

He explained: "This year, there continues to be strong demand for rental properties from tenants which in turn is driving activity from investors."