Mum and dad investors lose hundreds of thousands of dollars as mining downturn continues to bite

• IT was not so long ago that seemingly every commentary on the Australian economy referenced it simultaneously running at two speeds.

As the folk of the country’s resource-rich outback towns enjoyed the abundant rivers of cash the mining boom flooded upon them, the country’s traditional economic powerhouses, Victoria and NSW, stagnated with high interest rates and the high Australian dollar.

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A row of brand new, vacant houses in Moranbah, where prices have plummeted after coal prices fell. Picture: Robyne CuerelSource:News Limited