Hi Gracie,
Know how you feel, we got caught up in the May 2009 scenario. Sat down to click the button to process the application after filling it all out
a few days earlier only to find out the bad news! We'd sold our house during boom time and moved into a house offered by my company in hopeful anticipation of gaining a visa. However, we decided to give up, buy another house and rent it out to gain more income. Then last April my occupation was added to SA list - to cut a long story short we decided to go for it and we had our visa by early May just sneaking in before my 45th birthday in August!. We'd been working towards a visa for 5 years by the way, I just think for many people it is a long, long process. Then we had to sell the house and lost a bucketful of money turning grey in the process. I've since noticed my occupation has been removed from SA list, it was back on their SMP for just three months. You just never know what's going to happen and it is truly horrible to be caught in no mans land after working so hard for skill assessments etc
I really feel for everyone caught up in this as it takes over your life and you can have to make some pretty serious decisions - especially financially - before you even get the visa. I think if people had passed skill assessments then they should have been allowed to process their visas full stop. Maybe get some advice from a good migration agent about your situation though I expect you've already been there. I wish you all the best and hope it all works out for you whatever you decide.
Al