Some interesting trends in the Australian share market are becoming evident.
For much of the past decade, the Australian share market has been driven by the extraordinary gains of the resource sector as China bought Aussie minerals.
But in the past year, BHP Billiton and Rio Tinto have lagged the pack. In fact they have been two of the biggest drags on the market.
Instead, there have been strong gains by stocks paying high dividends, including the big four banks, Telstra and CSL.
Radio New Zealand's Sydney correspondent reports Commonwealth Bank is now the single biggest company on the Australian market and the 10th biggest bank in the world by market capitalisation.
Australian dividend imputation is now a major driver of investor behaviour as people migrate from low earning term deposits.
