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