Wow great work in looking outside the square.
it all about how much iron ore is turning over rather then stockpile @ the docks.
Problem with Australia , house holder are leverage, beyond the ratio of any western vs GDP and income
http://www.oecd.org/std/fin-stats/
House can cost on average 1,000,000 dollars. This is more expensive then NY, LA, Japan or even hong kong.
Fear enough Australia is a wonderful place to live in. But the GDP of Melb or Sydney does not support why Australia is so expensive. THE GDP of LA is the size of Australia (almost)
http://en.wikipedia.org/wiki/List_of_cities_by_GDP
Australia got so lucky with China and the mining boom. Hence we Australia got a "Get of Jail Free Card" from the GFC, we did not learn and I think we will pay the price soon.
Three pillars support Australia , mining, banking and housing.
Mining is shaky, housing is leveling, banks are booming.
Problem is the dependencies of mining to house price to banks.
Save up and buy that mansion cheap when it crashes.
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