The mining property crash is nearing an end

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The mining property bust – which has sent sales volumes, prices and rents plummeting – looks to be coming to an end according to new research from CoreLogic’s Cameron Kusher:

…many of these [mining] towns have seen sales volumes begin to lift and in some regions there are signs that the rate of decline in house prices are starting to slow. This leads to the question as to whether the worst of the price falls in these areas are now in the past?..

Gladstone 

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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.