Wandoan is experiencing steep increases in house prices and high rental demand.
Wandoan is experiencing steep increases in house prices and high rental demand. Katie Lingard

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.



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