In this week’s SQM Research free weekly newsletter managing director, Louis Christopher, provided a detailed update on conditions in Australia’s mining town property markets, which are experiencing a sharp downturn, particularly in hard commodity towns associated with iron ore and coal:
It has been sometime since we wrote an update on the mining town property crash that has taken place around Australia, most notably in Western Australia. We last wrote a special in our 2013 Housing Boom and Bust Report. At the time we made note the “hard commodity towns” had well and truly entered their downturn but the “soft commodity”, agricultural towns were recording more positive results
So, what has happened since then?