According to ABS establish house price index as of the March 2014 quarter every major market has a new peak..so between 2000 and say 2005 what was the 'average' income to median price ratio?
Have you thought that maybe Brissy Gold Coast is struggling more than other citites to recover from 2007 for the simple reason that the income to price ratio is more out of whack in that market than in others? And that there really is no undersupply of dwellings?
