Kingy
I only keep figures for Melbourne but down here in 2003 Wages were at $51,298 House prices at $357,500 ratio of 7.0
2013 wages at $74,724 and median house at $569,000 ratio of 7.6
Last time house ratio was at 3.7x was in 1996 when wages were $40,794K and housing was $150K
The housing boom kicked off when low interest rates and the new 50% CGT was introduced ending around 2003.
