Mining bust crashes Pilbara property

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By Leith van Onselen

The mining bust in the Pilbara is fast turning into an epic housing bust, according to the Real Estate Institute of Western Australia:

Median house prices in the Pilbara town of Karratha have plunged almost 34 per cent.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.