Data from CoreLogic shows that the median house price in the Queensland mining town of Moranbah has risen by 22% over the past year after crashing by more than 50%. Demand for housing in Moranbah is reportedly being fueled by factors such as renewed coal mining activity in the region and the rising price of coal. From The AFR:
The median value of a house in Moranbah in December last year was $215,083, according to figures from CoreLogic. This is less than half of the median value from 2012 ($566,963), but the 92 houses sold in the same month show the market is starting to move again.
