SYDNEY TODAY—Australian Eastern Time on March 3 to get rich immediately, often accompanied by unexpected worries. This is the cruel lesson left to Gunnedah in northwestern New South Wales, where once a happy township is now being swallowed. Pursuing the pecuniary benefits of mining, Gunnedah’s town center became a victim, making it one of the most expensive places to live in the country.

Because six coal mines around the town have brought employment prosperity, the rent has tripled, and local young people abandon their previous occupations to chase the monetary gains brought by mining, making the business there into a downturn, and eventually many Local residents who live there for a long time cannot afford the high cost of living. Nowadays, some real estate lessors earn up to $1350 a week, which leaves many low-income families with no choice but to move out of town.

The mayor of Gunnedah, Adam Marshall, said that the number of immigrants is increasing. “People are forced by market prices. I fully realize that those who cannot afford rent leave just to survive. The city council approved the construction of 82 in the last fiscal year. This is the best number since 1981, but the rent is rising.” Shannon and Chris O'Shea are two brothers, local residents who have lived there for a long time. They have packed their homes and moved to Newcastle, and they quickly found a job there. Shannon said: "We want to rent a house near the water that is cheaper than Gunnedah rent. Chris and I both like Gunnedah, especially because it can be fishing, camping, and shooting. However, when the minerals there begin to develop, there The rents are incomprehensibly high. We know that many other immigrants are also for this reason."

Mayor Mr Marshall visited Roma in Queensland for an investigation last week and found that more than 8000 local coal mines and oil fields have been developed in recent years. He said: "Roma is now facing various problems. As many people are driven away by expensive rents and large industries, the local characteristics have disappeared. We don't want this to happen in Gunnedah. We have to move quickly before it is too late. Take action." Ben Hennessy, a local real estate agent, was the first to help deal with the rent crisis. He also agreed that some measures must be taken immediately. He said: "We have about 3 to 4 rental inquiries every day. There is no doubt that people cannot afford the high prices in the rental market."

Mr Marshall describes the rental market as a machine that is out of control at a snowball speed. He said: "If the mining company can give a certain amount of compensation for renting a house, so that people who want to rent a house feel that they can also get a share of the pie, then this problem will be solved somewhat. I now live alone in a four-bedroom apartment. In my house, it seems like I moved to live with my grandparents and rented out my house. It would be better to charge a rent of $350-$400 per week.” (Ivy)

Original: http://www.news.com.au/money/property/mining-boom-is-strangling-heart-of-gunnedah/story-e6frfmd0-1226298825863