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QUEENSLANDS MINING BOOM END DRIVES RENT PRICES DOWN IN QUEENSLAND

October 8th, 2013

Average rent in a number of Queensland, Australia mining towns is coming down quickly as the country’s 10-year mining boom fades.

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Queensland’s Residential Tenancies Authority said that average weekly rent in Gladstone, Mackay and Roma has dropped significantly – as much as 15% in some areas, in its annual report.

Mount Isa however, which is Glencore Xstrata territory, was one area that did not see decline, with average weekly prices rising from A$540 to $580.

The cheapest place to rent in Queensland currently is Maryborough, coming in at $255 per week, while Mt Isa was by far the most expensive averaging $580 per week,” according to the Queensland Mining and Energy Bulletin, citing the report.

ADFRJU

Henry Sapiecha

FLASHING BRIGHT BLUE LINE