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Move over mining, new data from the ABS shows that 'property operators and real estate services' was Australia's most profitable industry in 2014-15.
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Though construction work overall around the country eased, residential construction in the March quarter rose 1.5% to a record high.
Low interest rates drove February home loans up 15.6% on a year ago, but will strong levels of borrowing continue?
The data shows the housing market is moderating, but doesn't indicate a substantial downturn.
New home-loan commitments rose 2.6% in December to their highest level in almost seven years.
A strong pipeline of construction projects will support the Australian economy in 2016.
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