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Home prices in Australian mining towns slump

End of mining boom depressing home values in coal-rich areas where prices once rivalled those in NY and London

Published Tue, Apr 21, 2015 · 09:50 PM
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Sydney

IN Blackwater, a town of 5,000 people in the high-plains country of Australia's Queensland state, the shockwaves from China's slowdown are good business for Gerard Eising.

The sales consultant with Blackwater Real Estate moved to the region seven months ago to take advantage of local home prices more than halving in two years.

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