Original article by Mark Ludlow
The Australian Financial Review – Page: 8 : 18-Aug-15

The mining towns of Moranbah and Dysart in Queensland’s Bowen Basin have experienced sharp falls in property prices. Figures from CoreLogic RP Data show that the median value of a home in Morbanah has declined 66 per cent in the past three years, from $A404,006 to $A251,933. During the mining boom, investors pushed prices to ridiculous levels but now demand is almost non-existent.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, BHP BILLITON LIMITED – ASX BHP, MORANBAH REAL ESTATE PTY LTD, ADANI ENTERPRISES LIMITED