hobo there is no doubt the high dollar is affecting many parts of the economy---and the high dollar is a reflection of australia being a resource producing nation, in fact, mining represents something less than 5% of gdp--- the economy needs to adjust to the mining boom and certainly having a floating dollar in the current boom helps the economy adjust as it softens the effect of inflation(as opposed to previous booms when we had a fixed dollar) the dollar will adjust lower at some point and there is no doubt other parts of the economy---tourism, education, finance ect will find life much easier with a lower dollar. it would seem then that areas of the country impacted by a high dollar (se qld cairns)will return to a more normal economic footing--hence dont hold your breath for huge nationwide falls in rents. just a little footnote for those interested the gold coast has a bid in for the 2018 cwealth games---there is potentially a massive infrastructure spend about to happen.
