"One has to go back 16 years for the kind of luck you mention, even then, the price of an average Melbourne house was four times average wages/salary. You have to go back 27 years to be able to say you got a good deal at three times earnings."
Gee now we have to go back 27 years to get what is considered a good deal! When will some of you guys get your head out of the past - times have changed simple as that. The property price to wage ratio will not likely be at what it peaked at but it is just as unlikely to be back at the same ratio it was 27 years ago as well.
