the underlying demand is far different though, the demand for the new housing being built is high. The rental market is also very expensive and has almost zero

the underlying demand is far different though, the demand for the new housing being built is high. The rental market is also very expensive and has almost zero vacancy. Whereas Ireland sounds like they were struggling to fill the housing being built in Australia the demand for new housing is higher than the rate at which they can be supplied. Maybe at some point things will go backwards but things still look very good in the short to medium term.