Boom times in some parts of the country are leading to a desperate shortage of houses to buy or rent.
Tag Archive for ‘mining boom’
Real Estate Sacrificed on Alter of Mining Boom
Speaking at the recent First National convention in Coolum, well-known and respected economic forecaster, Charlie Nelson said it appeared as if the government and reserve bank had put all their eggs in the mining basket and the housing industry, amongst others, could wither. “The real estate industry is being sacrificed on the altar of the resources boom” said Charlie, “if the Reserve Bank have got this wrong, we are all in trouble”.