Forget buying homes in cities, mining towns will be next big property boom
THE detente between miners and the Federal Government over the resource super-profits tax will fuel demand for housing in mining towns.
Residential researcher RP Data said the bounceback in commodities prices was also a factor.
"For property buyers, the timing may now be right . . . (following) an amicable solution to the RSPT," said RP Data research analyst Cameron Kusher.
In a research note yesterday, RP Data pinpointed three regions where house prices should rise: iron ore-rich north-west Western Australia and its towns of Karratha and Dampier; Queensland coalfield towns such as Moranbah, Dysart and Clermont in the Bowen Basin; and Queensland's Western Downs, where extraction of coal-seam gas is a burgeoning industry.
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