Mining property bust sees prices fall to decade lows

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By Leith van Onselen

The Australian has provided an interesting update on the mining town property bust, where home prices have fallen to levels not seen for a decade or more:

Median prices in key mining centres in Queensland and Western Australia have fallen to below the average price of more than a decade ago, wiping out the capital gains of the iron ore and coal-fuelled boom.

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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.