@bacci; I'm currently holidaying in Batemans Bay and I can assure you that the scores of closed businesses indicate that Australia's economy is definitely NOT 'booming' - indeed, many have already busted, some are zombi businesses and others have the staggers.
You appear to be confusing once in a lifetime iron ore prices and Australia's Ponzi property bubble pumping up government coffers with improving productivity, increasing wages and underlying economic growth.
You need to ask yourself why the RBA reduced interest rates to the lowest level they've ever been, why they've kept them there for so long and why they're saying that's where they'll be for years to come - our economy is as sick as the proverbial dog and Morrison has delivered us a $Trillion $Debt as a noose around the necks of taxpayers for decades to come.