What are some possible drivers for the Aussie economy

Read some news about in the area of silicon-based quantum computing, Australia is clearly in the lead. Will that help?

 

You referring to the UNSW research? Pretty exciting but practical/useful quantum computers are still a fair bit away.

 

With the depreciating Aussie dollar a lot of things would be getting a boost in short term, long term wise only innovation, policy reform and hard work will save us. But this is what I have noted so far:
Retail: The number of people shopping online buying things from China or US directly have dropped and are now buying from local retailers.
Manufacturing: Small amount of manufacturing has recovered. I work in engineering and we are buying more and more parts locally or made here since it is faster, have better warranty and not as expensive any more.
Tourism: Cheaper everything for foreigners.
Education: Again same thing wealthy Asians sending their kids here rather than US.
Agriculture: A lot of farmers, wine makers, food processors are benefiting from the rise of middle class in asia and the depreciating aussie.

 

I would have thought that this is an ever increasing trend. What caused the shift?

 

Rapidly aging population. Larger proportion of the population will be aged. Healthcare and health-related industry will do well in coming years. Some regionals will do well from retirees downsizing and moving to more affordable areas. The shift to Medium and High density housing options is also increasing ( in some areas oversupply ). Some areas will get the housing mix right.

Australia will also increasingly be a foodbowl for growing populations elsewhere. Irrigation areas will likely expand. Particularly in northern Australia.

Doomsayers say that Asian investment will slow, however middle-class in large nations such as China and India is rapidly growing. Culturally I understand mainland Chinese investors like safe-havens for parking money ( largely in real estate ). These growing populations of middle class will also place demand on manufactured goods ( which require raw materials for production ). You would think resource sectors other than fossil fuels will do well.

 

Copper lol

 

Quite a number of new high rise student lodges in bne i noticed

 

Short term due to the exchange rate. I used to buy stuff from Amazon or ebay all the time from america because it is usually half the price (exchange rate 1 to 1). Now that exchange rate is 0.7 to 1, the incentive is less. I can pay 20% more and have it now or wait for weeks and save some dollars. Not all my purchases are have shifted from online to in-store but a large portion, same with lots of my friends.

 

Weaker dollar dampens online shopping boom

The weaker dollar may have taken some of the value out of overseas online shopping. But even so, the lasting effect of online retailing is likely to be sharper competition – and that's a win for consumers.

Weaker dollar dampens online shopping boom