bears say it like it is, page-24

Wages in WA are currently $71,973.2 ($1384.10 weekly x 52) on average (link 1) with median dwelling price (link 2) at $450,000 bringing house prices in at 6.25 times higher than annual income, well above what most rational people would call sustainable.

1.http://www.ausstats.abs.gov.au/Ausstats/subscriber.nsf/0/26EA2BDCC3C8B4BECA257864000FABA7/$File/13065_2011.pdf

2. http://www.rpdata.com/images/stories/content/pressreleases/rpdatarismarkhomevalueindexsep30.pdf