ghost towns, page-25

Plenty of things tied to mining in WA.. Just a couple to note

Large % of population growth tied to resources and people moving here for employment...not good for housing if this growth dries up

Govt budgets have been slashed by billions due to lower royalties/ taxes paid by the mining industry....lower govt spending..less govt jobs

Mining capex going from approx 250b in 2013 to 18b in 2018

Sorry but these will have a huge impact whether directly or indirectly

I work "indirectly" in mining and sentiment has certainly tumbled in the last 6 months

Not saying house prices will crash but there are certainly some strong head winds to price growth