Hairyback, I don't know if this is the origins of the claim, but it seems to be describing the same thing, so here is the link.
http://barnabyisright.com/2013/08/06/treasury-ignores-housing-sector-in-structural-budget-comparison-with-ireland/
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- aus debt now higher than ireland pre gfc.
aus debt now higher than ireland pre gfc., page-9
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