Let's run through the winners and losers by state and by sector in five short parts, with the construction sphere being one of the clearest benefactors from another strong month of lending.
Part 1 - Investor Loans Soar to Record Heights
The ABS continued to note that it has no verifiable idea of what is going on with first homebuyers, since it has no reliable data upon which to conclude.
However, there is some tentative good news to report on this front this month, and that is that major renovations work has begun to rebound through 2014 in aggregate for Australia, albeit driven almost totally by what is happening in Sydney's housing market.
But for the reasons we have noted here previously, this may not be a great decade or two ahead for the DIY sector, largely due to generational trends and respective structural shifts towards apartment dwelling, renting, buying newer suburban houses using first home-owner grants, and so on.