WA property prices rise with $1,000-a-week rents feeding property buying frenzy in mining heartland – ABC News

If any town in Western Australia is symptomatic of the state’s boom and bust cycle, it’s Port Hedland.
Key points:

• Port Hedland house prices are up 41 per cent from a year ago, data shows
• A rental shortage is drawing locals and investors into the property market
• It is a similar story in Kalgoorlie, where prices have jumped 12 per cent

Once again, the town, where the Pilbara’s rich iron ore is shipped to the world from, is experiencing soaring rents and property prices.
The latest data from the Real…

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