"In the September quarter, rents in Port Hedland fell 10 per cent to $1300 a week and had plunged 35 per cent in annual terms, figures from the Real Estate Institute of Western Australia show. In Gladstone - where several multibillion-dollar liquefied natural gas plants are being built - vacancy rates jumped from 0.9 per cent to 5.8 per cent in the year to September, Real Estate Institute of Queensland figures show."
All quite predictable really and some of us have been fore casting this for a couple of years at least. WA is in the same bag. already showing signs of cracking. Recent property investors are going to get burned alive unfortunately..
