{"id":26895,"date":"2020-08-18T12:53:32","date_gmt":"2020-08-18T00:53:32","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26895"},"modified":"2020-08-18T12:53:32","modified_gmt":"2020-08-18T00:53:32","slug":"when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/","title":{"rendered":"When homes earn more than jobs: How we lost control of Australian house prices and how to get it back"},"content":{"rendered":"<p><strong>PHOTO: The investor share of new mortgage lending has grown from 10 per cent in the early 1990s to 40 per cent.<cite class=\"_3Jwd8 _20AiM _2v_Gr age8P _2Rt0o _27aqo\" data-component=\"Figure__cite\">(ABC News: Ian Cutmore)<\/cite><\/strong><\/p>\n<p class=\"_1SzQc\">Real home prices across Australia have climbed\u00a0<a class=\"_2HoMm _1ks7p _1u2om _36tc0\" href=\"https:\/\/www.ucl.ac.uk\/bartlett\/public-purpose\/sites\/public-purpose\/files\/iipp-wp-2020-08-rentierization-of-australian-housing-market.pdf\" data-component=\"ContentLink\">150 per cent<\/a>\u00a0since 2000, while real wages have climbed by less than a third.<\/p>\n<p class=\"_1SzQc\">Sydney and Melbourne rank among the most expensive cities in the world. Australia-wide, home ownership levels have fallen\u00a0<a class=\"_2HoMm _1ks7p _1u2om _36tc0\" href=\"https:\/\/www.ucl.ac.uk\/bartlett\/public-purpose\/sites\/public-purpose\/files\/iipp-wp-2020-08-rentierization-of-australian-housing-market.pdf\" data-component=\"ContentLink\">from 70 per cent to 65 per cent<\/a>\u00a0in the past 20 years and home equity levels have fallen from 80 per cent to 75 per cent. Younger workers have been completely priced out of the major cities.<\/p>\n<p class=\"_1SzQc\">Among those who can afford homes, the increase in household debt to income ratios is weighing on consumption and increasing financial fragility.<\/p>\n<p class=\"_1SzQc\">We are often told the problem lies in supply \u2014 we don&#8217;t have enough homes in the places people want them. And while it&#8217;s true a reduction in the supply of housing relative to the population will reduce housing per person and increase housing rents, what we are seeing is something different \u2014 a growing divergence between rents and the price of housing as a financial asset that&#8217;s increasing much more quickly.<\/p>\n<p class=\"_1SzQc\">Australia has become something of a world leader in demand-driven home price inflation. Australians have been increasingly buying housing for the purpose of securing financial returns \u2014 both capital gains and rental income, in a process often described as the\u00a0<a class=\"_2HoMm _1ks7p _1u2om _36tc0\" href=\"https:\/\/www.onlinelibrary.wiley.com\/doi\/full\/10.1111\/1468-2427.12522\" data-component=\"ContentLink\">financialisation<\/a>\u00a0of housing, but one that we think can be more accurately thought of as &#8220;<a class=\"_2HoMm _1ks7p _1u2om _36tc0\" href=\"https:\/\/www.ucl.ac.uk\/bartlett\/public-purpose\/sites\/public-purpose\/files\/iipp-wp-2020-08-rentierization-of-australian-housing-market.pdf\" data-component=\"ContentLink\">rentierisation<\/a>&#8220;.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2020-08-18\/house-prices-how-we-lost-control-of-the-market\/12566552\">ABC<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"From rags to riches: Son of immigrants who fled to Australia with 'nothing' reveals how he built up a $10M property portfolio\" href=\"https:\/\/propertynoise.co.nz\/au\/from-rags-to-riches-son-of-immigrants-who-fled-to-australia-with-nothing-reveals-how-he-built-up-a-10m-property-portfolio\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/08\/Sydney-man-Trung-Vien.jpg?fit=636%2C382&amp;ssl=1&amp;resize=40%2C40\" alt=\"From rags to riches: Son of immigrants who fled to Australia with 'nothing' reveals how he built up a $10M property portfolio\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"From rags to riches: Son of immigrants who fled to Australia with 'nothing' reveals how he built up a $10M property portfolio\" href=\"https:\/\/propertynoise.co.nz\/au\/from-rags-to-riches-son-of-immigrants-who-fled-to-australia-with-nothing-reveals-how-he-built-up-a-10m-property-portfolio\/\" data-bump-view=\"tp\">From rags to riches: Son of immigrants who fled to Australia with &#8216;nothing&#8217; reveals how he built up a $10M property portfolio<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Bob Hawke's daughter is still living in a 'cockroach-infested' flat after she settled her $4.2million\" href=\"https:\/\/propertynoise.co.nz\/au\/bob-hawkes-daughter-is-still-living-in-a-cockroach-infested-flat-after-she-settled-her-4-2million\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/08\/Bob-Hawke.jpg?fit=636%2C382&amp;ssl=1&amp;resize=40%2C40\" alt=\"Bob Hawke's daughter is still living in a 'cockroach-infested' flat after she settled her $4.2million\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Bob Hawke's daughter is still living in a 'cockroach-infested' flat after she settled her $4.2million\" href=\"https:\/\/propertynoise.co.nz\/au\/bob-hawkes-daughter-is-still-living-in-a-cockroach-infested-flat-after-she-settled-her-4-2million\/\" data-bump-view=\"tp\">Bob Hawke&#8217;s daughter is still living in a &#8216;cockroach-infested&#8217; flat after she settled her $4.2million<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Inside Packer\u2019s $60m apartment\" href=\"https:\/\/propertynoise.co.nz\/au\/inside-packers-60m-apartment\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2018\/10\/The-property-downturn-hasnt-dimmed-the-fortunes-of-James-Packer.jpg?fit=1200%2C676&amp;ssl=1&amp;resize=40%2C40\" alt=\"Inside Packer\u2019s $60m apartment\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Inside Packer\u2019s $60m apartment\" href=\"https:\/\/propertynoise.co.nz\/au\/inside-packers-60m-apartment\/\" data-bump-view=\"tp\">Inside Packer\u2019s $60m apartment<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"&quot;Cheap and nasty&quot; Purplebricks - why it didn't work down under\" href=\"https:\/\/propertynoise.co.nz\/au\/cheap-and-nasty-purplebricks-why-it-didnt-work-down-under\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2018\/07\/Purplebricks-1.jpg?fit=634%2C426&amp;ssl=1&amp;resize=40%2C40\" alt=\"&quot;Cheap and nasty&quot; Purplebricks - why it didn't work down under\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"&quot;Cheap and nasty&quot; Purplebricks - why it didn't work down under\" href=\"https:\/\/propertynoise.co.nz\/au\/cheap-and-nasty-purplebricks-why-it-didnt-work-down-under\/\" data-bump-view=\"tp\">&#8220;Cheap and nasty&#8221; Purplebricks &#8211; why it didn&#8217;t work down under<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Australia's 'cheapest island ever' hits the market\" href=\"https:\/\/propertynoise.co.nz\/au\/australias-cheapest-island-ever-hits-the-market\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/06\/island.jpg?fit=632%2C475&amp;ssl=1&amp;resize=40%2C40\" alt=\"Australia's 'cheapest island ever' hits the market\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Australia's 'cheapest island ever' hits the market\" href=\"https:\/\/propertynoise.co.nz\/au\/australias-cheapest-island-ever-hits-the-market\/\" data-bump-view=\"tp\">Australia&#8217;s &#8216;cheapest island ever&#8217; hits the market<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"CBA boss expects a 10-12% drop in housing prices\" href=\"https:\/\/propertynoise.co.nz\/au\/cba-boss-expects-a-10-12-drop-in-housing-prices\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2019\/10\/Commonwealth-Bank.jpg?fit=634%2C421&amp;ssl=1&amp;resize=40%2C40\" alt=\"CBA boss expects a 10-12% drop in housing prices\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"CBA boss expects a 10-12% drop in housing prices\" href=\"https:\/\/propertynoise.co.nz\/au\/cba-boss-expects-a-10-12-drop-in-housing-prices\/\" data-bump-view=\"tp\">CBA boss expects a 10-12% drop in housing prices<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Real estate agent convicted for defrauding $187,500 from clients\" href=\"https:\/\/propertynoise.co.nz\/au\/real-estate-agent-convicted-for-defrauding-187500-from-clients\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2019\/11\/An-aerial-view-of-houses-located-in-Sydneys-eastern-suburbs-690x500.jpg?fit=690%2C500&amp;ssl=1&amp;resize=40%2C40\" alt=\"Real estate agent convicted for defrauding $187,500 from clients\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Real estate agent convicted for defrauding $187,500 from clients\" href=\"https:\/\/propertynoise.co.nz\/au\/real-estate-agent-convicted-for-defrauding-187500-from-clients\/\" data-bump-view=\"tp\">Real estate agent convicted for defrauding $187,500 from clients<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Phoebe Burgess' pandemic paradise: Inside former WAG's Bowral farm hideaway\" href=\"https:\/\/propertynoise.co.nz\/au\/phoebe-burgess-pandemic-paradise-inside-former-wags-bowral-farm-hideaway\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/04\/Phoebe-Burgess.jpg?fit=634%2C951&amp;ssl=1&amp;resize=40%2C40\" alt=\"Phoebe Burgess' pandemic paradise: Inside former WAG's Bowral farm hideaway\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Phoebe Burgess' pandemic paradise: Inside former WAG's Bowral farm hideaway\" href=\"https:\/\/propertynoise.co.nz\/au\/phoebe-burgess-pandemic-paradise-inside-former-wags-bowral-farm-hideaway\/\" data-bump-view=\"tp\">Phoebe Burgess&#8217; pandemic paradise: Inside former WAG&#8217;s Bowral farm hideaway<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Harry and Meghan have bought new home around the corner from Oprah\" href=\"https:\/\/propertynoise.co.nz\/au\/harry-and-meghan-have-bought-new-home-around-the-corner-from-oprah\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/08\/Harry-and-Meghan.jpg?fit=636%2C382&amp;ssl=1&amp;resize=40%2C40\" alt=\"Harry and Meghan have bought new home around the corner from Oprah\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Harry and Meghan have bought new home around the corner from Oprah\" href=\"https:\/\/propertynoise.co.nz\/au\/harry-and-meghan-have-bought-new-home-around-the-corner-from-oprah\/\" data-bump-view=\"tp\">Harry and Meghan have bought new home around the corner from Oprah<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"The Sydney suburbs with the most million-dollar mortgages\" href=\"https:\/\/propertynoise.co.nz\/au\/the-sydney-suburbs-with-the-most-million-dollar-mortgages\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/08\/Sydney.png?fit=1200%2C639&amp;ssl=1&amp;resize=40%2C40\" alt=\"The Sydney suburbs with the most million-dollar mortgages\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; --smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"The Sydney suburbs with the most million-dollar mortgages\" href=\"https:\/\/propertynoise.co.nz\/au\/the-sydney-suburbs-with-the-most-million-dollar-mortgages\/\" data-bump-view=\"tp\">The Sydney suburbs with the most million-dollar mortgages<\/a><\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: The investor share of new mortgage lending has grown<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":26896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478100564,478110955,478098521,478105140,478098892,478098566,478098562,478098542,478098519,478098535,478098522,478098809,478098543,478098513,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478110954,478099018],"class_list":["entry","author-data123nz","post-26895","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australian-house-prices","tag-australian-rental-property","tag-australians","tag-capital-gains","tag-corelogic","tag-first-home-buyers","tag-foreign-buyers","tag-home-loans","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-landlords","tag-mortgages","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-real-home-prices","tag-rental-income"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>When homes earn more than jobs: How we lost control of Australian house prices and how to get it back - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When homes earn more than jobs: How we lost control of Australian house prices and how to get it back - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: The investor share of new mortgage lending has grownRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-18T00:53:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/08\/House-Prices.jpg?fit=862%2C485&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"862\" \/>\n\t<meta property=\"og:image:height\" content=\"485\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Property Noise Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Property Noise Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"When homes earn more than jobs: How we lost control of Australian house prices and how to get it back\",\"datePublished\":\"2020-08-18T00:53:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/\"},\"wordCount\":382,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/House-Prices.jpg\",\"keywords\":[\"australia\",\"Australian house prices\",\"Australian rental property\",\"Australians\",\"capital gains\",\"CoreLogic\",\"first home buyers\",\"Foreign Buyers\",\"home loans\",\"Home ownership\",\"house prices\",\"interest rates\",\"landlords\",\"mortgages\",\"property\",\"property investment\",\"property market\",\"Property News\",\"propertynoise\",\"real estate\",\"real estate agency\",\"real estate agent\",\"Real Estate News\",\"Real home prices\",\"rental income\"],\"articleSection\":[\"Australian Property &amp; Real Estate News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/\",\"name\":\"When homes earn more than jobs: How we lost control of Australian house prices and how to get it back - Property News Australia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/House-Prices.jpg\",\"datePublished\":\"2020-08-18T00:53:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/#primaryimage\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/House-Prices.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/House-Prices.jpg\",\"width\":862,\"height\":485,\"caption\":\"Australian house prices\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"When homes earn more than jobs: How we lost control of Australian house prices and how to get it back\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"name\":\"Property News Australia\",\"description\":\"Property News | Real Estate News | Australia\",\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\",\"name\":\"The Property Noise Group\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"width\":1120,\"height\":160,\"caption\":\"The Property Noise Group\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/PropertyNoiseNZ\\\/\",\"https:\\\/\\\/x.com\\\/propertynoisenz\",\"http:\\\/\\\/propertynoisenz\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\",\"name\":\"Property Noise Group\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"caption\":\"Property Noise Group\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"When homes earn more than jobs: How we lost control of Australian house prices and how to get it back - Property News Australia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/","og_locale":"en_US","og_type":"article","og_title":"When homes earn more than jobs: How we lost control of Australian house prices and how to get it back - Property News Australia","og_description":"PHOTO: The investor share of new mortgage lending has grownRead More &rarr;","og_url":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/","og_site_name":"Property News Australia","article_publisher":"https:\/\/www.facebook.com\/PropertyNoiseNZ\/","article_published_time":"2020-08-18T00:53:32+00:00","og_image":[{"width":862,"height":485,"url":"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/08\/House-Prices.jpg?fit=862%2C485&ssl=1","type":"image\/jpeg"}],"author":"Property Noise Group","twitter_card":"summary_large_image","twitter_creator":"@propertynoisenz","twitter_site":"@propertynoisenz","twitter_misc":{"Written by":"Property Noise Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/#article","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/"},"author":{"name":"Property Noise Group","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84"},"headline":"When homes earn more than jobs: How we lost control of Australian house prices and how to get it back","datePublished":"2020-08-18T00:53:32+00:00","mainEntityOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/"},"wordCount":382,"commentCount":0,"publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2020\/08\/House-Prices.jpg","keywords":["australia","Australian house prices","Australian rental property","Australians","capital gains","CoreLogic","first home buyers","Foreign Buyers","home loans","Home ownership","house prices","interest rates","landlords","mortgages","property","property investment","property market","Property News","propertynoise","real estate","real estate agency","real estate agent","Real Estate News","Real home prices","rental income"],"articleSection":["Australian Property &amp; Real Estate News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/","url":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/","name":"When homes earn more than jobs: How we lost control of Australian house prices and how to get it back - Property News Australia","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/#primaryimage"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2020\/08\/House-Prices.jpg","datePublished":"2020-08-18T00:53:32+00:00","breadcrumb":{"@id":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/#primaryimage","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2020\/08\/House-Prices.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2020\/08\/House-Prices.jpg","width":862,"height":485,"caption":"Australian house prices"},{"@type":"BreadcrumbList","@id":"https:\/\/propertynoise.co.nz\/au\/when-homes-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertynoise.co.nz\/au\/"},{"@type":"ListItem","position":2,"name":"When homes earn more than jobs: How we lost control of Australian house prices and how to get it back"}]},{"@type":"WebSite","@id":"https:\/\/propertynoise.co.nz\/au\/#website","url":"https:\/\/propertynoise.co.nz\/au\/","name":"Property News Australia","description":"Property News | Real Estate News | Australia","publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertynoise.co.nz\/au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/propertynoise.co.nz\/au\/#organization","name":"The Property Noise Group","url":"https:\/\/propertynoise.co.nz\/au\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","width":1120,"height":160,"caption":"The Property Noise Group"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PropertyNoiseNZ\/","https:\/\/x.com\/propertynoisenz","http:\/\/propertynoisenz"]},{"@type":"Person","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84","name":"Property Noise Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","caption":"Property Noise Group"}}]}},"_links":{"self":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/26895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/comments?post=26895"}],"version-history":[{"count":1,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/26895\/revisions"}],"predecessor-version":[{"id":26897,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/26895\/revisions\/26897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media\/26896"}],"wp:attachment":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media?parent=26895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/categories?post=26895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/tags?post=26895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}