If you want to know where we're headed, just look to the public. They still think we're over paid and underworked. I suggest reading the comment by the public in the article on the Jetstar thread. Makes you sick to be hacked down by tall poppy because of a perception. I still get told I don't work for a living by guys now earning more than me, working less than me.
The only thing I will add is to have a look at Ireland's property boom. Some similarities. Uncertain times for all Australian's, at least we know what the score is.