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Out of the Bubble

A house sits underwater in a glass fishbowl. Two people lie outside the bowl gasping for breath.

Glen Le Lievre

21 August 2023

In 2023 the International Monetary Fund reported that Australia was one of six countries with the highest price-to-income ratio for housing – meaning that the Australian property market is potentially a bubble waiting to burst. Glen Le Lievre, a master of the animated GIF, shows through his gasping would-be homeowners that it is hard to survive if you are outside the housing bubble looking in.