Australians are flinging resources into our hugely leveraged property market to the detriment of growth in other less debt-intensive sources of growth, and it could spell trouble for the economy in the short to mid-term, according to research undertaken by investment bank Morgan Stanley.
The warning from Morgan Stanley comes as the downturn in the resources sector has seen the nation's investors turn to property rather than other sectors that may offer a higher productivity dividend in the long-term. 
This comes on top of a warning from Atlassian co-founder Mike Cannon-Brookes that Australia is falling further behind in the world of technology and part of that reason is the nation's overheated capital city property market.
He says while Atlassian wants to build a skills base here they're finding it increasingly difficult to attract international talent because of Australia's cost of living and real estate prices which can be in part credited to our entrenched love of investing in bricks and mortar.
Interestingly, it's a problem currently being experienced by Spotify at their global hub in Stockholm. While the global music streaming business is undergoing enormous growth, co-founders Daniel Ek and Martin Lorentzon have raised concerns about tax rates, local education and the inordinately expensive cost of living. For Ek and Lorentzon their threat is to potentially move the company elsewhere, which is a danger echoed by Cannon-Brookes for the Australian tech market.
At present Atlassian is forced to import around 50 per cent of its senior people on 457 visas because there isn't the level of expertise found in Australia. While this number is high, Cannon-Brookes says this imported talent is passing on its knowledge to local staff which is ensuring we are building a knowledge base here.
"Nearly 75 per cent of the reason people turn down working here at Atlassian is the cost of living. They love the lifestyle but we're too expensive. It's one of the hardest things for the government to do anything about but there is plenty more it can do.
"The two reasons forcing Australian businesses to go offshore - the cost of living for imported skills coupled with the lack of homegrown talent.
"This is not a slight on Australia, just the reality.
He says with around 50 per cent of the world's jobs slated to be in or around technology in the next 20 years, Australia needs to act now.
"Technology is going to be a major source of business advantage but we aren't putting enough resources into technology training," Cannon-Brookes says.
Yet unlike Sweden where opposition politicians call for 100,000 immigrants to be taught coding skills and compulsory coding lessons are about to be taught in some schools as part of the nation's long support of the tech sector, Australia languishes well behind.
Cannon-Brookes, who spoke at Vivid Ideas on start-up culture, told The Australian Financial Review governments need to stop paying lip service to innovation. They have to start seriously ensuring the right settings are in place to promote innovation and invest in education or we will fall even further down the track.
"It's not about regulation, it's about governments setting up some fair play rules for the technology sector and in education and then standing away. Government should be encouraging the growth but it doesn't have the sector experience so it shouldn't be trying to pick winners.
"The talent equation is a big one and while we might import talent today it's just in the short term while we fuse imported and local talent. Educational cycles are very long."
Cannon-Brookes acknowledges Australians have always been considered good at invention but not so good at commercialising the ideas.
Paraphrasing CSIRO boss Dr Larry Marshall he suggests the real innovation comes when we commercialise the idea.
Australia is held up by a skills deficit in the technology sector which makes it difficult for local companies to scale.
"It's a hard problem to solve but we have to invest now so we'll attract more talent, more companies to our shores and keep the nation's tech sector moving in a positive direction."