Locals have seen rents soar from $500 per week to surpass an astronomical $4,400 per week in the 2012 boom and are anxious the same may lay ahead because of the enormous amount of new mining activity already taking off. In the same year, house prices went from $300,000 to more than $1,000,000.

 

For this reason, we are seeing many locals buying now to secure their future and more and more investors taking notice of Moranbah and Dysart.

 

Furthermore, because most camp accommodation is full, many companies and contactors are wanting to secure long leases on rental properties so they can accommodate their workers… renting a property is most often more economical for companies and contractors, rather than putting their employees in camp accommodation at a rate of $150+ per person per night.