http://theage.domain.com.au/real-estate-news/bubble-pop-or-deflation-20100816-125yi.html?autostart=1
"The bank's governor, Glenn Stevens, had earlier given the RBA's estimate of Australia's dwelling price-to-income ratio, which found that dwelling prices in capital cities were typically 4.8 times disposable household incomes - about half the ratio put by the doomsaying international survey Demographia."
So on an average australian wage of $67 000 equates to an average capital city price at 4.8 times of $321 600.
WHERE?
Rural capital cities.
- Forums
- Property
- where?
where?
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