Property Prices from 1970 to 2016: Stats speaks themselves
Buying a property was difficult in 1970s and 1980s as well but how much difficult is a question we need to analyse. In 1960s median price for property was $7,000 and average individual salary was $2073. In 1980 median price of properties in Australia was $44,800 and average Austrian individual salary for $12,580. Which accounted to a ratio of approximately 3.5 times the average salary to property median price. This ratio was escalated to 8 times in 2010 with average salary being $57,691 to $481,310 median price. [...]