Article – Boom and rust in iron ore hub

by 1 November 2013

31 October 2013
Jonathan Barrett
The Australian Financial Review

Port Hedland cafe owner Ray Sampson has been looking for a one-bedroom unit that his son, who is also the cafe’s chef, can rent in the post-mining boom property market.

“The agents said the old tenants paid $1600 a week,” Mr. Sampson said. “I got them down to $850. It’s a good thing prices are down, but I think it still needs to come down further.”

Click below for the full article, courtesy of the Australian Financial Review.

Port Hedland property prices AFR 31 Oct 2013

One Comment

One Response to “Article – Boom and rust in iron ore hub”

  1. Clearly there is a real need for movable housing alternatives to allow young families to take advantage of the well paid jobs without being , To put it bluntly , Ripped off on rents, A case of have Donga will travel . This can cut the cost of fly in fly out workers , Government needs to make an appropriate number of sites available and the necessary facilities to make it liveable , We are talking about Port Headland here , It’s not like it opened up yesterday or is likely to move on any time soon.