A long-held debate as to the health or otherwise of the residential construction boom was settled decisively today with records tumbling all over the place

A long-held debate as to the health or otherwise of the residential construction boom was settled decisively today with records tumbling all over the place. The ABS Building Approvals figures for January 2015 shattered all manner of records, with the rolling annual number of dwelling units soaring to easily the highest level ever recorded at 203,182 on a seasonally adjusted basis. The value of residential building jobs approved is also at record highs both on a monthly and a rolling annual basis. But the most striking point of all in this data is the sheer and unprecedented volume of units and apartments being approved for construction - predominantly in Melbourne, Sydney and Brisbane. I charted the key trends and added my thoughts and commentary on oversupply risk here. (VIEW LINK)