What you fail to realize is all the iron ore mines and ports have already been built so there isn't going to be a big construction jobs boom like there has been in the past. The two mega oil and gas projects Gorgon and Wheatstone (which was 90 billion dollars worth) have also been constructed and are going into production which needs far fewer jobs. I work in mining and I can tell you wages have come down significantly in my field of work you used to be able to get paid $65 an hour plus travel now you get $50-55 an hour flat and no paid travel.
The mining companies have been ruthlessly reducing costs in every department, every single person I know in mining is earning less then they were 5 years ago and that's from unskilled jobs like cleaners to principal engineers with decades of industry experience.
The glory days of the massive pay packets in mining are over, how can property prices go up when wages are coming down?
