Mayor responds to Mount Isa Housing Report
Mayor responds to housing report
Mount Isa Mayor Joyce McCulloch has responded to the recently released housing report by Herron Todd White, saying that the current dip in house prices did not represent the future of the city.
“It makes sense that we’re seeing a softening in housing sale and rental prices given the recent downturn we’ve seen in the mining industry,” Cr McCulloch said.
“But obviously we still have a lot of people involved in the mining industry here, and the industry remains strong. There are still huge volumes of minerals to be mined in this region.
“This Council has an optimistic view of Mount Isa’s future for our community, and at the moment housing prices have become adjusted to a more normalised market and have become more affordable, meaning an excellent place for families and people to live.
“All it will take is an upward swing in commodities, and we will see prices move again. We’ve seen it all before here in Mount Isa.”
Read the report Here