Mining towns across Australia are seeing increasing demand for their property from eager buyers, it has been revealed.
Research director at RP Data Tim Lawless has claimed levels of demand, coupled with scarcity of quality housing in some mining regions, has meant prices in places like Queensland and Western Australia have risen considerably in recent months.
"There is a real boom with the housing markets around the resource-intensive regions benefiting from strong demand," he told Australian Property Investor.
"As a result, this is driving up transaction numbers and home prices."
The highest median price rises were seen in Western Australia's Roebourne, Port Hedland and Broome council areas in the year to June 2011, while Isaac and Gladstone in Queensland also showed positive growth.
Meanwhile, Sandra Chipchase, chief executive officer at Destination NSW, recently stated that Sydney offers many opportunities for those looking to make aproperty investment in Australia at present.
Posted by Craig Francis
Research director at RP Data Tim Lawless has claimed levels of demand, coupled with scarcity of quality housing in some mining regions, has meant prices in places like Queensland and Western Australia have risen considerably in recent months.
"There is a real boom with the housing markets around the resource-intensive regions benefiting from strong demand," he told Australian Property Investor.
"As a result, this is driving up transaction numbers and home prices."
The highest median price rises were seen in Western Australia's Roebourne, Port Hedland and Broome council areas in the year to June 2011, while Isaac and Gladstone in Queensland also showed positive growth.
Meanwhile, Sandra Chipchase, chief executive officer at Destination NSW, recently stated that Sydney offers many opportunities for those looking to make aproperty investment in Australia at present.
Posted by Craig Francis
