Not sure whether there are any hard facts on this yet (DIAC hasn't posted an official update), but there is an interesting article in ABC that may spell trouble for some people looking to migrate to Australia:

In a bid to protect Australian jobs, the number of skilled migrants allowed into Australia is being slashed.

In a sign of the times, the permanent skilled migration program is being slashed by 18,000 over the next three months, with no foreign bricklayers, plumbers, carpenters or electricians allowed in for the foreseeable future.

Full story here:

Boom gate lowered to protect jobs - ABC News (Australian Broadcasting Corporation)