The AUD needs to be driven down further. Living abroad I have noticed Oz exports are starting to get caned by competition from the USA or USD pegged currencies.
There are a million Australians working abroad. Government should look at how to encourage them to repatriate their wealth to help the economy. They will probably just want to tax them....
Good Australian real estate should hold out OK. Propped up by a supply shortage and foreign bargain hunters.
Australia should do OK. Helped by a lowered currency.