Mount Isa misses Australia’s huge mining property boom

House prices have more than doubled in some of Australia’s biggest mining towns, while one major resources city has barely moved.Mount Isa values are only about 13 per cent above their January 2016 level, despite copper prices rising more than 200 per cent.House prices have surged across many of Australia’s major mining regions since 2016, despite wildly different movements in the commodities underpinning their economies.The extraordinary mismatch is part of a wider shift in mining-town property, where house prices are increasingly refusing to follow the wild swings of the commodities beneath them.RELATED: Man buys entire town for $1.9m, regrets itBarn again: New life for $3.6m Vic coastal propertyNow illegal: Pet owners forced into $2k bill New Neoval and World Bank data analysed by Ray White shows Broken Hill house prices are about 135 per cent above their January 2016 level, with Muswellbrook up about 125 per cent and Karratha about 110 per cent.The shift matters because mining towns have previously delivered brutal losses for homeowners and investors.Between 2012 and 2017, iron ore towns in the Pilbara lost more than half their value as the commodity price collapsed.Port Hedlan...