Australian Property Bubble, page-241

  1. 2,440 Posts.
    well look at the facts
    in 1980 you could buy a 2 bedroom villa unit in Perth for $31000
    ok interest rates were 18%
    and i was earning $20,000 pa
    the same villa units are now selling for well over $400,000
    and wages have maybe tripled in that time
    if wages had gone up by the same amount
    we would all be 0n well over $200,000 pa
    cheers
 
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