foundation day report, page-26

Joeljp

Like most booming mining towns (zeehan soon to be)when demand outstrips supply housing prices will increase.
Also the price of rentals will have to increase.
Housing prices in zeehan seem cheap at present.

I emailed a realestate company in zeehan to get a feel for there market.
This was his repy
10 years ago some houses were selling for
$10,000 to $15,000. In the last 6 mths some have gone from 100k to 125-130k.
I am selling them as fast as I can list them since the announcement of the huge mining increase,
cheers Max.
Rents could skyrocket in 12mths
Look what mining has done in nth QLD its cheaper to rent in Brisbane.
Same could be said for Karatha in W.A.
Zeehan worth considering.


dewy