Wandoan house prices skyrocketing
MINING operations and resources developments in Wandoan have driven up house prices by about 30% in the past 12 months, according to a new report.
The Surat Basin mining town reportedly had the highest growth of any rural suburb in the nation, a February Residex report found.
Local agents have reported strong confidence in the real estate market for the area despite speculation Xstrata's mega mine may not proceed following a doubt over the proposed merger with commodities company Glencore.
Properties listed for sale on domain.com.au flag mining accommodation as a selling point.
One property was listed for sale as a five bedroom; two bathrooms individually winged fully furnished home asking $820,000 promising a rental return of $3500 per week.
"Rental return $100 per man, per night," the listing noted.
Vacant 868sq m blocks are selling from $279,000 and 13 three-bedroom townhouses due to be completed by June are being advertised for rent at $100 per room per night.
