Inside the great Moranbah property crash
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Last month, The Reserve Bank of Australia’s bi-annual Financial Stability Review was released, which contained the below chart on the property bust taking place across Australia’s mining regions:

One of the places included in the above is the coal mining town of Moranbah in Queensland’s Bowen Basin, which was the subject of a detailed report in The Weekend Australia:
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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.