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The mining bust in Western Australia continues to morph into a housing bust. From WA Today:
Karratha – once touted as the engine room of Australia’s economy – continues to splutter as the mining hub’s average property value recorded a 32 per cent drop in value over the previous financial year…
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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.
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