Average house price in Australia appears to be under 100k in...

Average house price in Australia appears to be under 100k in 1987 when interest rates were at their peak….https://www.savings.com.au/home-loans/australian-house-prices-over-the-last-50-years-a-retrospective

Average income approx 20k per year so house price to earnings for a dual income family about 2.5?

https://www.ausstats.abs.gov.au/aus...DAC88CA2574FF00191F51/$File/63020_MAY1987.pdf

Repayments to income about 30%

The average price of Australian residential property has risen over the past ten years, and in December 2023, it reached a new high of 933.8 thousand Australian dollars

Current repayments on average house at 6% =$60,000 per annum
Average wage now $90,000

2/3 of pre tax income required to buy an average house on an average wage where when interest rates were 18% 1/3 of pre tax income required to buy an average house

Of courses houses are bigger now but it’s also faster and poorer quality to build one could argue