{"id":234,"date":"2010-05-03T15:00:43","date_gmt":"2010-05-03T21:00:43","guid":{"rendered":"http:\/\/www.rowanhanna.com\/blog\/?p=234"},"modified":"2010-05-03T15:00:43","modified_gmt":"2010-05-03T21:00:43","slug":"if-this-aint-a-bubble","status":"publish","type":"post","link":"https:\/\/www.rowanhanna.com\/blog\/2010\/05\/if-this-aint-a-bubble\/","title":{"rendered":"If this ain&#8217;t a bubble&#8230;"},"content":{"rendered":"<p>A little worker&#8217;s cottage in Coppin Street, Richmond, <a href=\"http:\/\/www.theage.com.au\/victoria\/a-clue-to-where-rates-are-headed-20100503-u3up.html\">just sold for $1 million<\/a>. It&#8217;s a pretty good indication that there is a massive bubble in the Australian residential market at the moment. Ponder this:<\/p>\n<blockquote><p>The house sold for $1 million at auction on Saturday, almost double the $533,000 its owners paid just five years ago and more than four times the $218,000 it sold for in 1996.<\/p><\/blockquote>\n<p>The housing market in Australia escaped the worst of the Global Financial Crisis, but it is hard to imagine that we&#8217;ll be that lucky forever &#8212; with such inflated housing\u00a0prices, how can mere mortals possibly expect to be able to pay back such huge loans within 30 odd years?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A little worker&#8217;s cottage in Coppin Street, Richmond, just sold for $1 million. It&#8217;s a pretty good indication that there is a massive bubble in the Australian residential market at the moment. Ponder this: The house sold for $1 million at auction on Saturday, almost double the $533,000 its owners paid just five years ago [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[73,139,140,141,138],"class_list":["post-234","post","type-post","status-publish","format-standard","hentry","category-random","tag-australia","tag-bubble","tag-housing-market","tag-melbourne","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.rowanhanna.com\/blog\/wp-json\/wp\/v2\/posts\/234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rowanhanna.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rowanhanna.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rowanhanna.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rowanhanna.com\/blog\/wp-json\/wp\/v2\/comments?post=234"}],"version-history":[{"count":2,"href":"https:\/\/www.rowanhanna.com\/blog\/wp-json\/wp\/v2\/posts\/234\/revisions"}],"predecessor-version":[{"id":236,"href":"https:\/\/www.rowanhanna.com\/blog\/wp-json\/wp\/v2\/posts\/234\/revisions\/236"}],"wp:attachment":[{"href":"https:\/\/www.rowanhanna.com\/blog\/wp-json\/wp\/v2\/media?parent=234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rowanhanna.com\/blog\/wp-json\/wp\/v2\/categories?post=234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rowanhanna.com\/blog\/wp-json\/wp\/v2\/tags?post=234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}