Why boom towns are a property minefield

Mining towns have delivered huge returns for some property investors, but don’t expect the good times to last forever.

PORTFOLIO POINT: With mining companies preferring to employ workers on a fly-in, fly-out basis, the demand for permanent housing in nearby towns is likely to subside.

Gina Rinehart is once again the centre of attention, with the furore over whether she should be allowed to employ 1700 foreign workers at her Roy Hill iron ore mill plant in Western Australia’s Pilbara region.

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