Investors reap mining rewards

Some of a tip let housing direct exists in mining towns.

Some of a tip let housing direct exists in mining towns.
Source: News Limited




PROPERTY investors continue to reap rewards from a resources industry, with mining towns accounting for a tip 10 let yields in a country.


An RP Data consult shows some of a tip let housing direct exists in a Pilbara segment of Western Australia, with a iron ore hotspots of Newman, Port Hedland and South Hedland among a tip 5 towns nationally.

The tip mark is Newman, where houses brought in earnings of 14 per cent in September, followed by Miles in Queensland during 10 per cent and South Hedland during 9.5 per cent.

However, a Sep survey, that is formed on sum estimated value let yield, enclosed some towns with tiny numbers of let properties.

Kambalda in a goldfields of Western Australia and a iron ore heart of Port Hedland were ranked a fourth and fifth tip agreeable housing markets respectively.

Year in review

Highest median value

House: Point Piper, Sydney, $6,312,475

Units: Dawes Point, Sydney, $2,452,651

Lowest median value

House: Ungarie, Central West NSW, $62,200

Unit: McCracken, Outer Adelaide, $109,609


Highest sum let yields

House: Johnston, Darwin, 14.7 per cent

Units: Ultimo, Sydney, 11.2 per cent

Highest sum let yields within 10km of collateral city

House: Larrakeyah, Darwin, 8.3 per cent

Unit: Ultimo, Sydney, 11.2 per cent

Highest sum let yields regional

House: Newman, Western Australia., 14 per cent

Greatest 12-month change in median values

House: Kirribilli, Sydney, 42.5 per cent

Unit: Enmore, Sydney, 46.9 per cent

Highest median weekly rent

House: Newman, Pilbara, $2,165

Unit: Port Hedland, Pilbara, $1,300

Highest sum value of sales

House: Mosman, Sydney, $805,977,253

Unit: Surfers Paradise, Gold Coast, $571,568,317

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