Australian builders cannot keep up with demand and there is not...

Australian builders cannot keep up with demand and there is not a bubble in Australian real estate.
far from it. Its cyclic and it's not all over Australia all at once.

Sydney has made it's usual run up after years of stagnation likewise the other capitals.

Demand from overseas, immigration, op;ovulation projections suggest that we cannot keep pace with this demand hence prices rising.
Good old supply/demand situation in Australia.

Now when the dog poo hits the fan (no-one knows when or if) in Eu/chin/US where do you think some of the money will flow to?
Australia feeds the world and supplies energy raw materials. Both essential in survival.

I see another soft landing for Aus if armeggedon (exaggerated phrase) occurs.

IMO