Will make it harder for the RBA to raise interest rates, so will...

Will make it harder for the RBA to raise interest rates, so will probably keep the $A low (at least compared to the USD). That should be good for our mining and energy companies (commodities priced in USD) and our agricultural and other exports.

'Wealth effect' through rising house prices will dissipate, leading to lower consumer confidence and spending, offset somewhat by promised tax cuts.