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Mining towns can be pretty risky in terms of future growth. Having worked and lived through a couple of booms and busts in the mining industry in WA and watched places like Kalgoolie/Kambalda/Norseman etc go up in price then tumble down faster when commodities prices have dropped. You really have to get in early and try and bail out before the commoditity prices drop. Tricky. Thats why I prefer to look at areas with more than one industry.
World.
Thanks for the feed back everybody.
Elizabeth seems to have quite a few positive attributes. Low income area. Dodgy tennants and the potential to only improve in the future. Aspect that i have kept in mind in Perth before the boom.Thanks
World.
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