Mining Town Housing Markets Have Bottomed Out After Posting A Spectacular Crash In The Aftermath Of The Mining Boom

The downside of the mining related property boom was even more spectacular than the upswing, but values have now steadied and rents are rising providing some of the highest rental yields across the country.  

In the run-up phase of the mining boom there were two Australian regions that recorded spectacular capital gains, fueled by a surge in investment coupled with big pay packets, generous corporate subsidies for housing costs and a severe undersupply of housing relative to the growth in…