You would be surprised, lots of chinese and american investment. But capital gain could be slow as you said, my point is for less capital outlay a higher % yield can be had in ireland than australia with next to zero chance of any price drop (buying at the bottom) so as an investment ireland probably is a better option than australia right now , i also think property is a great investment here longterm! Over the longterm in any developed country bricks and mortar are hard to look past. The doomsday people can say what they want but over a 20-30 year period id take my chances on property anytime. Property is NOT a get rich quick scheme.
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