the very small regional town I live, work and rent in...
the main employer down sized last year from 300 workers to about 170.
We earn good money, not quite mining type money, but close. When I arrived 3 years ago, finding a place to rent was affordable but hard to find.
NOW, well take your pick, there are easy 30-40 houses or flats to choose from.
My landlord has 3 units and one house, the house and 1 unit has been vacant since August last year. Better him than me.
I pay 100 bucks a week rent, watch my money pile up in the bank, play around with a few penny stocks, keep stacking my silver bullion & numismatics, and piss me laughing.