Absolutely this is a key issue. Developments is much being skewed towards the new investor market, particularly offshore buyers - and particularly so in Melbourne and Sydney. We have changing demographics, but still we're building far too much high rise as the ABS data for 4+ storey units shows.

On Demographic waves in the Aussie housing market - August 30, 2015 9:50pm

Thanks Dave - some of the unit values have certainly left me scratching my head, especially iron ore!

On Australia's trade deficit came in at a significantly better than expected -$925m (s.a.) for the month of November, with a significant positive revision to the... - January 7, 2015 9:40am

Good read DS. Resi construction may be trending higher in aggregate but new house building appears to have passed its cyclical peak which isn't so clever. Huge numbers of apartments underway, which is perhaps welcome from a construction spend perspective, but high-density apartment oversupply may introduce some systemic risk to housing markets too...

On Australian construction work completed falls in Q3, engineering drags: While it is clear that there is some rebalancing taking place, residential construction... - November 26, 2014 7:44pm

A bit of a surprise! Will be interesting to see what happens to commodity prices on Monday.

On China's PBoC cut rates in surprise Friday move: China's PBoC cut interest rates for the first time since June 2012 late on Friday evening with the bank lopping... - November 22, 2014 7:31pm

Good question. The good news is it will have a long tail - while building approvals have passed their peak, commencements are still trending up quite strongly, so the construction cycle could easily have another 2-3 years to run. We will know more on January 15 when the next round of Building Activity data is released, so watch this space.

On As dust settles around the Labour Force data, a look at net immigration which continues to slide in 2014. Although short-term Chinese visitors to Australia... - November 8, 2014 12:35am