Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 28 April 2015

One for the ages...

House prices now the mining investment boom has gone

Interesting piece out from Propell which you can read here, charting the mining towns property bust.

So many of these towns will be familiar names having been tipped by advisers as hot areas for buying property.

Unfortunately, the mining town fad is rapidly turning into a disaster, as prices continue to fall sharply in highly illiquid markets.

Source: Propell

It is projected that more pain lies ahead, and not only in these towns.

Source: Propell

The concerning point of note for resources regions is that the unwinding of the capital expenditure boom has barely even begun its decline. 

There is evidently much more pain to come.