Last week I believe the start of another Australian Property Boom was triggered.

So you may ask what happened last week.

Last week the unemployment figures came out and they were well below expectations,suggesting the Australian Economy is not falling apart like many overseas economies are  and despite the Global Credit Crisis is doing remarkably well.

This combined with historic low interest rates and record high rent yields[ as high as 7% in many capital cities], the only thing that has stopped Property Booming sooner has been the fear of Rising Unemployment.

Now this has been reduced for the interim I believe the brakes will be lifted off Property Prices over the next 6 to 18months.

Many investors have also been burnt badly from their losses on super and managed finds invested in the share market,[ if they'd invested in real estate they would have  avoided the 50% losses in super or managed funds], they have to invest somewhere and Property is now where money will largely flow.

Loan Figures suggest investors are already joining the boom in first home buyers in wading back into the lower end of the market under $500,000 homes and already in many capital cities prices have been increasing steadily.

So does this present a good opportunity for investors?

If investing for the longterm and not over leveraging one self there will be good money to be made in residential real estate.

However avoid top end of the market and holiday locations which will continue to perform poorly and also be prepared for a potentially property crash within 2 or 3 years if Property Prices grow to strongly.

Also note the rental boom has hit its peak,which means rents will stabilise and possibly weaken.

This means the their is room for capital growth to occur now as yields are good but only for a limited period of time so there will be risks associated in the future especially if the property markets heat up to quickly.

For further education on the Property Markets 21st Century run regular 2 day Property and Finance events in each capital city at no charge if you book early.

Visit www.21stcenturypropertydirect.com.au or Phone 1800999270