Although the high Australian dollar has caused a weakening in the labour market, the decrease in interest rates is starting to take a positive affect on the housing industry.
Reported by ABC news today, the resources sector is moving from an investment phase into a production phase. With that comes a decrease in activity and employment. However, there is hope that this will be picked up in the housing industry as low interest rates encourage potential home owners and investors to step back into the market.
According to the Hunter Vallley Research Foundation '..the residential construction industry is the region's eighth largest employer and activity should pick up soon.'
For more details on the report view the latest news from the ABC.