Let's take a look, in particular with a property markets angle.
As a stalwart contributor to dozens of ABS capex surveys over the years I can attest to the woolly nature of some such estimates!
Part 3 - State versus state
For years we understood that the amazing fortunes our economy were being held aloft by a mining construction boom, the great bulk of investment taking place in Western Australia and Queensland.
Firstly, low interest rates are doing wonders for Sydney's economy - if not booming, it is certainly thriving and is presently the king of Australia's city economies.
Part 4 - Queensland case study
The collapse in coal prices led to an element of Australia's coal production becoming unviable with a significant number of our producers sitting too far up the cost curve.
Summarily, Queensland has a two speed property market in addition to its two speed economy.
Part 5 - Sundry thought
Meanwhile, record low borrowing rates are already set to send some property markets into orbit - but there will be also be some serious fallout in many regional areas.
In fact, this is already playing out as the regional employment data is beginning to reveal.
Invest in outperforming property: