Inside the great Moranbah property crash

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By Leith van Onselen

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:

ScreenHunter_15502 Oct. 16 18.21

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.