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House prices soar in mines boom
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Posted on
May 16 2008 2:59 AM
by
adeal
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THE resources boom has pushed up residential property prices in some mining towns by more than 44 per cent in the past year. RP Data research shows prices at Broken Hill in western New South Wales rose 44.6 per cent and, at Glen Eden, a suburb in the Queensland city of Gladstone, they rose 44.2 per cent, The Australian reported. Other resource-rich centres where prices jumped in the year included Kalgoorlie in Western Australia (with 36.1 per cent), Clermont in Queensland (with 39 per cent) and Whyalla in South Australia (with 35.4 per cent).
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