Louis Christopher of SQM Research has highlighted a worrying trend towards increasing vacancy rates in a number of mining towns. In this article on Property Observer and also here on Bloomberg, some of the larger recent rises were identified in Port Hedland, Karratha, Gladstone and Roma.
In this week’s 2 minute property investment news video we discuss Australia’s rising mining costs.
Figures released this week by SQM Research reveal a clear rising trend in vacancies for Perth, Canberra and a number of mining towns. For other capital cities, vacancies generally remained steady or modestly declined for the month of March.