It is now becoming more apparent that our boom time is well and truly over. The A$ falling like a rock.Agriculture will benefit but the drop would need to be much more to save major maunufacturers. Gold getting hit hard. Big companies laying off more people. Big projects too costly to develop in Australia. Poor Govt decisions and poor political leadership from both parties.A degree of austerity will be introduced after the next election. All in all , this spells a somewhat gloomy few years ahead with investors and consumers pulling their heads in for a while. Property will be hit hard, but no so much at the lower end of the market ($400,000 to $600,000).W.A. will be hit hardest, particularly all those overpriced properties in the $800,000 and upwards range. All the property spruikers will scream at this but sorry boys and girls you might have to actually work for your commissions.
