Hockey has never step foot in WA! Subiaco, the land of the yuppie and not far from West Perth (land of explorer offices) are peppered with "for lease" signs. I haven't seen that in awhile. Most engineering consultants lucky enough to be with a job are usually on reduced hours. Fly in Fly out are not sought after positions anymore simply because there are more redundancies than newly created positions. I would say the down cycle is in full swing here if you ignore the Syd property bubble.
Who knows when these doom and gloom will end but Stevens still has 200 basis points before he starts money printing! HaHa
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