“Let Western Australia secede”, says Western Australian billionaire mining magnate Andrew “Twiggy” Forrest (no relation). This is a great idea, especially if they take north Queensland with them when they go.
In unrelated wealth-destruction news, Aussie house prices have fallen more in the last six months than during the entire GFC. The second-home markets have been the first to cave in – and the epicentre has been Noosa in Queensland, which is sort of like Miami Beach but with less charming art deco architecture and more drunken high-schoolers.
House prices in Noosa are off 15% from their highs and still dropping, which means cheaper rental houses for all the drunken schoolies, who can all move up there and then the rest of Australia can secede and EVERYBODY WINS.